Happy Holidays and Happy New Year! Tax Season is Right Around the Corner


By Jim Gilboy

The IRS announced that it will begin accepting and processing electronic returns on Tuesday, January 19, 2016. That date comes just one month after the ... read more >

IRS Delays Issuing Tax Refunds for Foreign Tax Filings

Overview The Internal Revenue Service has continued to delay issuing tax refunds for nonresident alien/foreign taxpayers upon the filing of applicable ... read more >

Tentative Deal on Tax Extenders: The Protecting Americans from Tax Hikes Act of 2015

Taxpayers anxiously awaiting news as to whether certain tax relief provisions that expired at the end of 2014 will be extended may soon have even more ... read more >

2016 Standard Mileage Rates


By Jessica Murtha

The Internal Revenue Service (“IRS”) has announced the optional 2016 standard mileage rates (Notice 2016-01) used to calculate the deductible ... read more >

Internet Domain Names: Capitalization or Amortization?


By Mike Winsko

In a recently issued Chief Counsel Advice Memorandum (CCA 201543014), the IRS has concluded that costs incurred by a taxpayer to acquire internet domain ... read more >

The Cadillac Tax: "The burden is expected to fall on wages"

Conclusions reached by a recent Congressional Research Service (“CRS”) report state that, although the Cadillac tax is imposed on insurers ... read more >

Passive Activity Losses Related to Real Estate Activities

Real Estate|Tax

By Megan Leo

Generally speaking, passive activities result from a business activity in which you do not materially participate. Any losses resulting from passive activities ... read more >

Facebook CEO Mark Zuckerberg to Donate Fortune to Charity

Facebook’s Mark Zuckerberg and his wife, Dr. Priscilla Chan, celebrated the birth of their first child during Thanksgiving week. In an open letter ... read more >

All I Want for Christmas Is My Tax Extenders


By Evan Ogrodnik

‘Twas three weeks before the New Year and all through the land, no one was quite sure where the tax extenders stand. Men and women of Congress work ... read more >