The FASB announced at its October 28, 2015 Board meeting that it will be redeliberating the April 2015 proposed Accounting Standards Update, Not-for-Profit ... read more >
Recently, I received a voice message (on my work phone) from "IRS Agent White," who informed me that I have large outstanding balances with the ... read more >
A recent court case, Methin v. Commissioner, T.C. Memo 2015-81, ruled that an investor’s small (at times 5% or less) share of a working interest ... read more >
It’s hard to believe 2015 is already coming to a close. The IRS just reminded us of that by issuing the 2016 inflation adjustments and tax tables ... read more >
On June 30, 2015, just one day before the start of Pennsylvania’s 2015 – 2016 fiscal year, the state House and state Senate passed a $30.2 ... read more >
Twenty-three years ago the United States Supreme Court in Quill v. North Dakota established the current standard under which a state can impose its sales ... read more >
The federal tax law imposes a kiddie tax on children’s investment income (i.e., unearned income greater than $2,100 for 2015), and the income is ... read more >
On October 8, 2015, The Retirement Plans Experience Committee (RPEC) of the Society of Actuaries released an updated mortality improvement scale called ... read more >
Many of the business headlines in recent weeks have been somewhat concerning. While major market indices have plowed forward, news of slowing growth in ... read more >
Identity theft is a continuing concern throughout the United States. According to a study by Javelin Strategy & Research, 12.7 million taxpayers were ... read more >