Biden Begins Budget Negotiations

Tax

By Ron Kramer

On Thursday, May 5, Vice President Biden conducted his first meeting with a bipartisan congressional group aimed at cutting a deal on a framework to reduce ... read more >

Pennsylvania Act 32 Registration Process

Tax

By Dennis Loughran

Pennsylvania Senate Bill 1063 was signed into law as Act 32 in 2008 and will be effective for all Pennsylvania counties, except Philadelphia no later than ... read more >

Did You Get Your 2010 Tax Receipt?

Tax

By Ron Kramer

On April 15, Congressman Jim McDermott (D-WA) reintroduced “The Taxpayer Receipt Act,” (H.R. 1583), which would provide each American taxpayer ... read more >

It's Official: President Obama Finally Signs Form 1099 Repeal Legislation

Tax

By Ron Kramer

On April 14, President Obama signed the Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011 (HR 4). Congress ... read more >

President Obama Outlines His New Deficit-Reduction Plan

Tax

By Ron Kramer

In a speech today at George Washington University, President Obama outlined his plan to trim $4 trillion from the federal budget. Obama termed his budget ... read more >

Business Transaction Costs - The IRS Provides a Safe Harbor for Success-Based Fees

Tax

By Martin DiGiovine

On April 8, 2011, the Internal Revenue Service (IRS) issued Revenue Procedure 2011-29, providing a safe harbor election for allocating success based fees ... read more >

IRS To Accept Tax Returns During a Government Shutdown

Tax

By Martin DiGiovine

In the event of a government shutdown on Friday, April 8, 2011, IRS Commissioner Douglas H. Shulman has announced that the IRS will continue to accept ... read more >

IRS Declares Japan Earthquake and Tsunami a Qualified Disaster

On April 5, 2011, the Internal Revenue Service (IRS) issued Notice 2011-32 designating the Japan earthquake and tsunami as a qualified disaster for purposes ... read more >

Congress Finally Repeals Much Maligned 1099 Reporting Requirements

Tax

By Martin DiGiovine

On April 5, the United States Senate, by an 87-12 margin, passed H.R. 4, repealing the onerous 1099 reporting requirements contained in the Patient Protection ... read more >

Good News-IRS further delays Form W-2 health insurance coverage information reporting for small employers.

Health Care|Tax

By Ron Kramer

On March 29, 2011, the Internal Revenue Service (IRS) issued Notice 2011-28 (Notice) providing interim guidance that significantly relaxes the information ... read more >