Treasury Secretary Geithner Calls for Enhanced Research Tax Credit as Part of Corporate Tax Reform

Tax

By Ron Kramer

In a speech on March 25, Treasury Secretary, Timothy F. Geithner, linked the passage of an enhanced and permanent research tax credit proposed by the Obama ... read more >

IRS Issues Guidance on 100% Bonus Depreciation

Tax

By Martin DiGiovine

On March 29, 2011, the IRS released awaited guidance (Rev. Proc. 2011-26) concerning the 100% bonus depreciation provision included in the Tax Relief, ... read more >

Treasury Issues Final Rules Regarding Foreign Financial Account Reporting

Tax

By Ron Kramer

On February 23, 2011, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued final changes to regulations implementing the ... read more >

IRS Warns of Scams in the Wake of Japan Disaster

Tax

By Martin DiGiovine

In the aftermath of the recent catastrophes in Japan, the tremendous generosity of average Americans will once again be in full swing, providing food, ... read more >

Will IRS Increase Its Audits of Tax Returns Reporting Losses From Rental Real Estate Activities?

Tax

By Ron Kramer

Recently, an audit report released by the Treasury Inspector General for Tax Administration (TIGTA) suggested the Internal Revenue Service (IRS) should ... read more >

Pennsylvania Conforms to 100% Bonus Depreciation

Tax

By Gary Sliman

The Pennsylvania Department of Revenue (DOR) recently issued guidance in Tax Bulletin 2011-01 regarding a change in the calculation for bonus depreciation. ... read more >

Should We Fear a Government Shutdown?

Tax

By Ron Kramer

The current war over government spending among House Republicans and Senate Democrats and President Obama hints of a possible federal government shutdown ... read more >

Pennsylvania Act 32 - Implementation Alert

Tax

By Martin DiGiovine

Recently, we have received many inquiries requesting clarification of a statement made in an informational brochure by the Pennsylvania Institute of Certified ... read more >

IRS Offers a Second Chance to those Holding Assets Offshore

Tax

By Ron Kramer

On February 8, 2011, Internal Revenue Service (IRS) Commissioner Douglas Shulman announced a new (second) special voluntary disclosure initiative designed ... read more >

Unemployment Compensation: The Government Wants Its Money Back

Tax

By Martin DiGiovine

Throughout the current economic crisis, record numbers of Americans have relied on unemployment compensation to provide for their families as they wait ... read more >