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Foreign Account Tax Compliance Act Delayed

On July 12, 2013, the IRS issued Notice 2013-43, revising the timelines for implementation of the Foreign Account Tax Compliance Act (“FATCA”) ... read more >

Apple in the Hot Seat

Tax

By Martin DiGiovine

Apple’s in the Hot Seat On May 21, 2013, the Senate Permanent Committee on Investigations held a hearing on how individual and corporate taxpayers ... read more >

Senate Finance Committee Lists Possible Tax Reform Provisions

Tax

By Martin DiGiovine

On May 23, 2013, the Senate Finance Committee released the seventh in a series of papers compiling tax reform options that Finance Committee members may ... read more >

IRS Under Scrutiny

Tax

By Martin DiGiovine

It was an awful week in Washington as the administration was buffeted by a series of controversies fueling fears of an overreaching government, none of ... read more >

Certain 1099-MISC Forms Must be Filed with the Pennsylvania Department of Revenue

Tax

By Martin DiGiovine

Under Act 85 of 2012, entities paying either nonemployee compensation for Pennsylvania-based work or Pennsylvania-source oil/gas lease payments are required ... read more >

Tired of the Olympics? Congress Provides Plenty of Political Theatre This Summer

Tax

By Martin DiGiovine

In another empty political gesture, On Wednesday, August 1, the U.S. House of Representatives passed legislation on a 256 to 171 vote that would extend ... read more >

IRS Issues Guidance Pertaining to Elections Under Section 83(b)

Tax

By Martin DiGiovine

The Internal Revenue Service recently issued Revenue Procedure 2012-29, which contains sample language that may be used (but is not required to be used) ... read more >

IRS Issues Guidance on Performance-Based Compensation Plans of Publicly Traded Companies

Tax

By Martin DiGiovine

Internal Revenue Code Section 162(m) limits the deduction that publicly held corporations may take for some of their executive salaries in excess of $1,000,000. ... read more >

Payroll Tax Cut Extended Through 2012

Tax

By Martin DiGiovine

On Friday, February 17, the U.S. Senate and House passed a bipartisan deal to extend the 2% employee payroll tax cut through December 31, 2012. Details...... read more >

Just a Reminder: 1099 Expansion Has Been Repealed

Tax

By Martin DiGiovine

As employers prepare to send out Form 1099s for tax year 2011, they may recall hearing that the reporting requirements would be greatly expanded this year, ... read more >