Construction Spending Up Overall, But Decrease in Public Works Projects

On October 3, 2011, the Associated General Contractors of America (AGC of America) issued a press release regarding an increase in construction spending between July and August 2011 versus the same period in 2010.... read more >

IRS Releases Draft Version of Instructions to Form 8938 for Foreign Financial Asset Holders

Tax

By Ron Kramer

On September 28, 2011, the Internal Revenue Service (IRS) released on its website a draft version of the 2011 Instructions to Form 8938, “Statement of Specified Foreign Financial Assets.”... read more >

IRS Releases SIFL Mileage Rates and Terminal Charges for Second Half of 2011

Tax

By Ron Kramer

On October 3, 2011, the Internal Revenue Service (IRS) released Rev. Rul. 2011-21 providing the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rates that are in effect for the second half of 2011... read more >

Marcellus Shale Impact Fee Details Announced

On October 3, 2011 Pennsylvania Governor Tom Corbett announced the details of the Marcellus Shale impact fee originally proposed by the Governor’s Marcellus Shale Commission in July. This fee would be imposed and collected by the counties where the gas wells are located.... read more >

Concerned About Past Payroll Tax Issues For Independent Contractors? The IRS Offers You A Break.

Tax

By Ron Kramer

The Internal Revenue Service has launched a new Voluntary Classification Settlement Program (VCSP) that will enable many employers to resolve past worker classification issues at a minimal tax cost. The VCSP program addresses the issue of whether a worker is deemed an employee or an independent contractor.... read more >

Qualified Appraisers are a Must for Gifts of Stock

Taxpayers that might make a charitable contribution of stock should be familiar with the decision made in the Ninth Circuit U.S. Court of Appeals in Rhett Rance Smith et al v. Commissioner.... read more >

IRS Commissioner Touts Success of Offshore Voluntary Disclosure Programs

Tax

By Ron Kramer

On September 15th, IRS Commissioner Douglas H. Shulman issued a statement touting the success of the Internal Revenue Service’s 2009 and 2011 Offshore Voluntary Disclosure Programs.... read more >

Updated Form 8300 and Reporting for Cash Payments Over $10,000

The IRS has recently revised its Form 8300, which businesses must file within 15 business days of receiving over $10,000 in cash from a buyer in a single transaction or related transaction.... read more >

Lease Accounting Updates and How They Will Affect Lessees

If you are leasing or plan to lease your fleets, warehouses or equipment, then you need to monitor the progress of the revised lease accounting standard since it could have significant implications for your company. An update.... read more >

Part Five: Equity Markets Will Be Volatile

The fifth installment in Nancy Skeans' series on the volatility of equity markets. Evaluate your strategy annually or earlier if cash flow needs change.... read more >