Tax Advisors

Group Activities to Use Tax Losses

By Steven Barber | March 28, 2013

The Tax Reform Act of 1986 (TRA) brought about a large decline in tax-sheltered investments by instituting section 469 of the Internal Revenue Code, now

Automobile

Safeguard Your Data - Third Party Access

By Robert Bandi | March 05, 2013

Auto dealers have historically allowed third party vendors access to their customer data for a variety of reasons. However, the days of giving blanket

Automobile

2013 Depreciation Limitations and Lease Inclusion Amounts for Automobiles

By William Winter | March 04, 2013

The IRS recently released Revenue Procedure 2013-21, which provides the depreciation limitations and lease inclusion amounts for automobiles used in a

Automobile

FASB Proposes Revisions to Transfers and Servicing (Topic 860)

By John Popies | January 28, 2013

On January 15, the Financial Accounting Standards Board (FASB) issued a proposed accounting standards update (ASU) that clarifies Effective Control for

Automobile

How Will the New 3.8% Medicare Tax Affect Auto Dealer Owners?

By Steven Barber | January 08, 2013

The 3.8% Medicare tax is in effect as of January 1, 2013. Do you understand how it will affect you? A taxpayer could pay a 3.8% surtax on the lesser of

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