It's All About That Bonus: The Tax Extenders Bill

The tax extenders bill in Congress has passed in the House and Senate, and President Obama is expected to sign the bill. Formally known as the Tax Increase ... read more >

What Can the IRS Do to Limit Fraudulent Tax Refunds Due to Identify Theft


By Jim Gilboy

The U.S. Government Accountability Office conducted a study of the Internal Revenue Service procedures related to the issue of tax refunds and fraudulent ... read more >

Know the Tax Considerations for a Construction Allowance in Your Lease

The negotiation of the construction allowance is an important part of a lease transaction; however, those negotiations rarely consider the tax consequences. ... read more >

Estate and Gift Tax Related Exemptions to Increase in 2015

The Internal Revenue Service (“IRS”) recently issued Revenue Procedure 2014-61, whereby the 2015 inflation adjustments to the (i) estate and ... read more >

Year End Alert - New Form W-8-BEN-E

This article was coauthored by Ken Kobayashi and Cynthia Hoffman. Form W-8 BEN-E, Certificate of Status of Beneficial Owner for United States Tax Withholding ... read more >

IRS Releases 2015 Inflation Adjustment Amounts


By Kristen Sorice

Each year, the IRS adjusts certain tax provisions, tax tables, and other tax items for inflation. On October 31, 2014, the IRS released Rev. Proc. 2014-61, ... read more >

IRS Eliminates Form 8891


By John Kohler

On October 7, 2014, the IRS issued a new revenue procedure, Rev Proc. 2014-55, which eliminates the requirement to attach Form 8891 to an individual income ... read more >

Records Retention - How Long is Long Enough?


By George Adams

Clients often ask how long their companies should retain their accounting and tax records. Unfortunately, there is no simple and conclusive answer. Records ... read more >