Significant Changes to the Use of Bonus Depreciation on Nonresidential Real Property Beginning in 2016

Bonus depreciation, which was scheduled to expire after 2014, was extended through 2019 by the PATH Act. Under the PATH Act, 50 % bonus depreciation applies ... read more >

Further Scrutiny of College and University Endowments

On September 13, 2016, the House Ways and Means Subcommittee on Oversight held the first of several anticipated hearings to address the manner in which ... read more >

What Do Infrastructure Spending, the IRS and Passports have in Common?

International|Tax

By Kim Shields

While America was busy planning for the holidays, on December 4, 2015, President Obama signed the five year Fixing America’s Surface Transportation ... read more >

Beware of Tax Scams this Halloween!

A CP 2000 notice issued by the IRS usually indicates that the IRS received information from a third party, such as an employer, which does not match what ... read more >

Planned Community Developers Score Significant Court of Appeals Win

Planned community developers scored a significant win in August when the United States Court of Appeals for the Ninth Circuit upheld a U.S. Tax Court decision ... read more >

An Apple a Day Doesn't Keep the E.U. Commission Away

In today’s global economy, taxes for multinational enterprises can get elaborate, particularly as entities operate in multiple taxing jurisdictions ... read more >

When is a Debt Instrument Transformed into Equity? When the US Treasury Proposes So.

In response to the seemingly public trend of U.S. Corporate inversions and more companies looking for ways to defer paying US taxes on foreign-earned income, ... read more >

Keep Your Losing Tickets: Pennsylvania Lottery Winnings Are Now Taxed

For the first time in Pennsylvania’s history, cash prize winnings from the Pennsylvania Lottery (“the Lottery”) will now be taxed. On ... read more >