Tax Treatment of Deferred Revenue in a Taxable Stock Acquisition

The general rule under Internal Revenue Code §451 is that an item of income shall be included in gross income for the taxable year or receipt unless ... read more >

A Reminder on the Reporting of Foreign Banks and Financial Accounts (FBAR)

An important deadline is coming up for taxpayers who have an interest in foreign financial accounts with an aggregate value of $10,000 or more at any one ... read more >

$5.8 Billion Dollars in Fraudulent Refunds!


By Brenda Gundersen

A U.S. Government Accountability Office report found that the IRS paid out $5.8 billion in fraudulent refunds in 2013, and prevented or recovered $24.2 ... read more >

WARNING!!! You may be about to upgrade to Windows 10 and not even know it


By Robert Morgan

If you’re using a Windows 7 or 8 PC, I’m sure you’ve seen the “Get Windows 10” pop-up window at this point, prompting you ... read more >

Free Tax Guide Focuses on Tax Benefits for Members of the Military


By Kay Krueger

The Internal Revenue Service (IRS) observes the month of May as National Military Appreciation Month. Each year, the IRS publishes Publication 3 to remind ... read more >

Applications for Educational Improvement Tax Credit (EITC) Now Open

The Educational Improvement Tax Credit (EITC) awards tax credits to businesses that make approved contributions to Scholarship Organizations (SO), Educational ... read more >

Employee or Partner? Treatment of Individuals within Partnerships Owning Disregarded Entities

For many years, some partnerships that owned disregarded entities (single-member LLCs) claimed that their partners were employees of the single-member ... read more >

It's 2016, do you know where your investments are?

"It's 10 p.m., do you know where your children are?" was a popular public service announcement in the 70s and 80s. Now in 2016, the IRS and ... read more >

Affordable Care Act Forms 1094 and 1095 IRS Due Dates Fast Approaching

Employers with 50 or more full-time equivalent employees (FTEEs), otherwise known as Applicable Large Employers (ALEs), were required to provide the 2015 ... read more >

Department of Labor Issues Final Rule on Overtime for White-Collar Workers

On Wednesday May 18, 2016, the Department of Labor (Department) issued the new Final Rule for Overtime for Exempt White-Collar Workers (Final Rule). The ... read more >