Updated: Consistent Basis Reporting Is Now the Law of the Land

This article is updated information from our original article posted on February 24, 2016. Recent changes to the law have imposed new reporting requirements ... read more >

Massachusetts Offers Tax Amnesty

The Commonwealth of Massachusetts is offering tax amnesty once again from April 1 through May 31, 2016 for most taxes collected by the Massachusetts Department ... read more >

West Virginia Timber Severance Tax Reestablished, Additional Severance on Coal, Natural Gas and Timber Terminated

The Governor of West Virginia signed legislation on February 29, 2016 that reestablished and imposed a severance tax of 1.50% of the gross value of timber ... read more >

Foreign Financial Asset Reporting for Domestic Entities - Expansion of Form 8938

The IRS recently issued final regulations effective February 23, 2016 that provide guidance for certain domestic entities to report specified foreign assets. ... read more >

Trump Declines to Release Tax Returns Until After IRS Audit

Tax

By Michael Darpino

Republican presidential front-runner Donald Trump has been unrestrained when attacking his fellow contenders both on and off the debate stage. It is no ... read more >

What's BEPS All About?

You may have heard about the OECD and the BEPS project. Once you get past the acronyms, you might be curious about what it all means. The OECD (Organization ... read more >

What Do You Do When You Can't Pay the IRS?

There may come a day when a client, friend, or family member asks you what they can do when they owe the IRS and just can’t pay. You’ll want ... read more >

The Proposed 2017 Federal Budget and Its Impact on Manufacturers

Earlier this month, President Obama released his final federal budget proposal for fiscal year 2017. The proposal has implications to a broad scope of ... read more >

Consistent Basis Reporting Is Now the Law of the Land

Please see our recent article for updates regarding Form 8971. Recent changes to the law have imposed new reporting requirements upon executors of decedents’ ... read more >