IRS Explains How to Claim Expanded Work Opportunity Tax Credit For Qualified Veterans

Tax

By Gary Sliman

The VOW to Hire Heroes Act of 2011 (VOW), enacted November 21, 2011, added two new categories of veterans to the qualified veteran target group. The Work ... read more >

Another Update on the Payroll Tax Bill (It May Pass When Money Grows on Trees!)

Tax

By Ron Kramer

Even on Valentine’s Day, there’s no love in Congress as House and Senate Conferees try to reach agreement to extend the Social Security payroll ... read more >

IRS Releases Exempt Organizations Select Check

Tax

By John Kohler

The IRS has released a new research tool to help individuals and businesses gather information on tax-exempt organizations.... read more >

IRS Oversight Board Releases Its 2011 Taxpayer Attitude Survey

Tax

By Ron Kramer

On January 30, 2012, the IRS Oversight Board issued its 2011 Taxpayer Attitude Survey. The IRS Oversight Board has conducted this annual survey since 2002 ... read more >

Separate Powers of Attorney Needed for Married Couples

Tax

By Kathleen Myers

Beginning March 1, 2012, the IRS will no longer accept the old version of Form 2848 – Power of Attorney and Declaration of Representative. The new ... read more >

What's new with the payroll tax bill?

Tax

By Ron Kramer

New – Nothing. Same old thing, Democrats and Republicans still can’t agree. Congressional Conferees meeting on extending the payroll tax cut ... read more >

Offshore Voluntary Disclosure Program Returns

Tax

By Nishant Patel

The IRS announced on January 9, 2012 in a news release that it will reopen the offshore voluntary disclosure initiative (OVDI) program for the third time since 2009. Nick Patel explains.... read more >

President Obama's State of the Union Address Calls for a Minimum Tax on the Wealthy and Multinationals

Tax

By Ron Kramer

In the State of the Union address to Congress on January 24, President Obama proposed a minimum tax for millionaires and for multinational companies on ... read more >

IRS Releases New Repair and Capitalization Regulations for 2012

Tax

By Paul Matvey

The Internal Revenue Service recently released regulations designed to reduce the uncertainties and controversies that have existed for some time regarding ... read more >

Pennsylvania Employers Receive an Unwelcome Surprise on Federal Unemployment Tax (FUTA)

Tax

By Thomas Lisak

PA employers are learning that their Federal Unemployment Tax (FUTA) for 2011 is greater than they anticipated, even though the FUTA tax rate decreased ... read more >