IRS Modifies Energy Savings Percentages for Energy-Efficient Building Improvements


By Ron Kramer

On February 23, 2012, the Internal Revenue Service (IRS) issued Notice 2012-22, Modification of Notice 2008-40; Deduction for Energy Efficient Buildings. ... read more >

Is Your Dealership Susceptible to Check Fraud?


By Donald Owens

It requires little more than a personal computer, scanner and software to commit check fraud. In an Association of Financial Professionals survey, 71% ... read more >

2012 Foreign Earned Income and Housing Exclusions


By Joanne Silowash

Internal Revenue Code (IRC) Section 911 allows U.S. citizens or residents working abroad to exclude foreign earned income from U.S. taxation and to claim ... read more >

Pennsylvania Extends Keystone Opportunity Zone Act

Recently enacted legislation in Pennsylvania amends the Keystone Opportunity Zone (KOZ), Keystone Opportunity Expansion Zone (KOEZ) and Keystone Opportunity ... read more >

Keeping Good Records-You Can't Afford Not To!

On February 8, 2012, the Commonwealth Court of Pennsylvania (Commonwealth) issued an unfavorable ruling on a Pennsylvania trucking company’s appeal ... read more >

President Obama Releases A Framework for Business Tax Reform


By Ron Kramer

On February 22, the U.S. Department of the Treasury released President Obama’s framework for reforming the U.S. business tax system. Treasury Secretary ... read more >

Is Your Nonprofit Organization Actually an Investment Company?

In October 2011, the Financial Accounting Standards Board (FASB) issued two exposure drafts: Real Estate – Investment Property Entities and Financial ... read more >

FinCen Issues Temporary Exemption from Mandatory Electronic Filing of FBAR


By Ron Kramer

In late 2011, FinCen proposed to mandate e-filing of certain reports required under the Bank Secrecy Act effective June 30, 2012. The FBAR was included ... read more >