Postcard from the 2014 PICPA Not-for-Profit Conference

I had the opportunity to attend the 2014 PICPA Not-for-Profit Conference June 2-3, 2014 in Harrisburg, PA. A mix of certified public accountants and finance ... read more >

Like-Kind Exchange Denied Due to Disqualified Intermediary, Taxpayer's Son

Real Estate

By Carl Scharf

In a recent Tax Court Memo 2014-110, an individual’s sale of real property and subsequent purchase of unimproved land failed to qualify as a §1031 ... read more >

Reporting Requirement for Overseas Assets in Japan

Japanese permanent residents who own overseas assets that have a fair market value in excess of JPY 50 million as of the end of a calendar year are required ... read more >

You May Not Be Able To Drive 55


By Ryan Broze

The United States Highway Trust fund includes a transportation fund that was established to fund highway road construction and repairs. This fund is set ... read more >

A Challenger Appears to Replace Email?


By Robert Morgan

For nearly two decades now, email has become the staple for communicating within organizations. However, did you know email usage actually peaked in 2008 ... read more >

Are S Corporations Still the Most Tax Efficient Choice with the Higher Income Business


By Jim Gilboy

Now that the highest individual tax rates is 39.6 % as compared to the highest corporate tax rate of 35% are S Corporations still the most efficient choice ... read more >

Taxpayer Bill of Rights Adopted by the IRS


By Jennifer Cowles

On Tuesday, June 10th, the Internal Revenue Service released a “Taxpayer Bill of Rights” with the intention to provide taxpayers with a clear ... read more >

Understanding the Employee Benefit Security Administration Strategic Enforcement Plan


By Lara Fuller

As part of the Government Performance and Results Act of 1993, the Employee Benefit Security Administration (EBSA) has put in place a Strategic Enforcement ... read more >

IRS Publishes First FATCA List of Financial Institutions

The IRS published its first list of foreign financial institutions that have registered and obtained a global intermediary identification number as required ... read more >

The PCAOB and Economic Analysis

The PCAOB has continued its focus on economic analysis in light of criticisms that the standard-setting body has not given enough consideration to the ... read more >