Proposed Regulations for Passive Loss Rules for Limited Partners and LLC Members


By Kathleen Myers

In response to several losses in court, the IRS is redefining a limited partnership interest under the passive loss rules. The IRS has issued proposed ... read more >

FASB Proposes Fair Value for Investment Properties


By Steven Franz

The Financial Accounting Standards Board (FASB) recently issued two Proposed Accounting Standards Updates (ASUs), one intended to improve and converge ... read more >

2011 Charitable Contribution Considerations


By Dennis Mowrey

The year 2011 is quickly slipping away, and it’s that time when people look to make charitable contributions. Who can I make a donation to? How much ... read more >

2011 Manufacturing Year End Tax Tips

Don’t forget about the little things. Sometimes, it pays to review a few tried-and-true tax planning tips. As year-end approaches for most folks, ... read more >

Auto Dealers and Facility Upgrades: What is Taxable Income?


By Bob Bandi

Some auto dealers are concerned that the assistance they receive from manufacturers to help with the cost of required facility upgrades must be recognized ... read more >

Pennsylvania Contractors Installing Financial Institution Security Equipment

In the latest Tax Update from the Pennsylvania Department of Revenue, the Department announced that its auditors will enforce compliance among contractors ... read more >

Pennsylvania Employers-Act 32 of 2008 is Here!

Effective January 1, 2012, employers are expected to be registered with the applicable Tax Collection District(s) and begin withholding local earned income ... read more >

Senate Begins Debate on Extension of the Social Security Payroll Tax Holiday


By Ron Kramer

Proposed legislation in Washington would cut the Social Security payroll tax from 6.2% to 3.1% for 2012. Ron Kramer provides an inside look at this proposed legislation.... read more >

New Bill Aims to Roll Estate Tax Rates Back to Pre-Bush Era Levels


By Melanie LaSota

Over the past several weeks, estate planning practitioners kept watchful eyes on the Joint Select Committee on Deficit Reduction (the “Super Committee”) ... read more >

SEC Staff Released Reports on IFRS and comparisons to US GAAP

In November, the SEC staff released reports analyzing the current reporting practices of companies using IFRS and comparing U.S. GAAP and IFRS requirements ... read more >