2014 Form 990 Schedule B Instructions Clearly Address Use of the Special Rule

In January, 2014, we published an article addressing the use of the special rule for reporting contributions on Schedule B, Schedule of Contributors, of ... read more >

The FICA Tip Tax Credit Available to Restaurant Owners

Retail|Tax

By Carl Scharf

As our favorite time of the year is currently upon us (yes, tax season!), it is a good time to remind restaurant owners of the tax credit due to them that ... read more >

IRS Issues Transition Relief for Work Opportunity Tax Credit (WOTC) for 2014

On February 19, 2015, the Internal Revenue Service (IRS) issued Notice 2015-13, which provides transition relief for employers that are claiming the Work ... read more >

Theft by Tax Return

Tax

By Shane Gastecki

It has been said that there are only two things certain in life: death and taxes. However, in today’s world of cyber-attacks, phishing schemes, and ... read more >

Small Taxpayers Rejoice - Relief from the Tangible Property Regulations Has Arrived!

Tax

By Evan Ogrodnik

On February 13, 2015, the Internal Revenue Service (IRS) issued Revenue Procedure 2015-20 providing optional relief for small business taxpayers from the ... read more >

Bipartisan Effort on Tax Overhaul

Tax

By Elena Faurie

On January 15, in a press release, U.S. Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) announced the launch ... read more >

ABLE Act: Benefitting Our Community

Tax

By Mary Richter

Recently, Congress passed the ABLE (Achieving a Better Life Experience) Act, and President Obama signed it into law on December 19, 2014. This Act encourages ... read more >

President Obama Proposal Targeting Capital Gains Loophole

In his recent State of the Union Address, President Obama outlined his plan to simplify the tax code and make it more fair. His approach to simplification ... read more >

Tax Ramifications of the National Labor Relations Board (NLRB) Decision in Making College Athletes Employees

On March 26, 2014, Peter Sung Ohr, Regional NLRB Director, announced that athletic scholarships given to Northwestern University football players represent ... read more >

Identity Protection Personal Identification Numbers

One of the fastest-growing crimes in America is identity theft. A stolen identity can easily be used to cover the tracks of many criminals as they fraudulently ... read more >