Senate Finance Committee Lists Possible Tax Reform Provisions

Tax

By Martin DiGiovine

On May 23, 2013, the Senate Finance Committee released the seventh in a series of papers compiling tax reform options that Finance Committee members may ... read more >

IRS Under Scrutiny

Tax

By Martin DiGiovine

It was an awful week in Washington as the administration was buffeted by a series of controversies fueling fears of an overreaching government, none of ... read more >

Payroll Additional Medicare Tax for 2013

Tax

By Thomas Lisak

The additional Medicare tax on high-income earners went into effect on January 1, 2013. This tax was enacted as part of the 2010 health care legislation. ... read more >

Should the U.S. Move to a Territorial Tax System?

Tax

By Nishant Patel

The United States is one of the few remaining nations that have a worldwide tax regime in today’s global economy. Among the 26 members of the Organization ... read more >

IRS Late Payment Penalty Relief Available to Many Taxpayers

Tax

By Eric Ingalls

If you are one of the many taxpayers who extended their 2012 federal tax return, the IRS has provided you with a potential freebie. If you end up having ... read more >

Treasury Releases "Green Book" of Obama Administration FY 2014 Tax Priorities

Tax

By Ron Kramer

On April 10, the Treasury Department released its “General Explanations of the Administration’s Fiscal Year 2014 Revenue Proposals,” ... read more >

Group Activities to Use Tax Losses

The Tax Reform Act of 1986 (TRA) brought about a large decline in tax-sheltered investments by instituting section 469 of the Internal Revenue Code, now ... read more >

IRS Releases Its 2012 Data Book - Some Interesting Facts and Statistics on IRS Activities

Tax

By Ron Kramer

Each year the Internal Revenue Service (IRS) releases its Data Book, which details IRS activities during the past fiscal year. The Data Book contains many ... read more >

Tax-related Identity Theft: A Growing Problem

Tax

By Cynthia Hoffman

The IRS recently announced a national crackdown on identity theft as part of a larger effort to protect taxpayers. The investigation targeted suspects ... read more >