May 14, 2015
The New Rules Tax risk related to a target company’s methods of accounting is often identified by the buyer either as part of the due diligence process or subsequent to a ...
April 27, 2015
Republicans answer President Obama's proposed tax increases for estates and gifts with a proposal to repeal the estate tax entirely and reduce the rate of tax applicable to gifts. The bill was ...
April 21, 2015
On April 14, 2015, Maryland Governor Larry Hogan signed legislation enacting a tax amnesty for certain civil and criminal penalties and interest relating to state and local income, withholding, sales and use, and admissions and ...
February 11, 2015
Governor Tom Corbett originally signed Act 52 (Act) into law on July 9, 2013. Included in the Act were new sourcing rules related to sales of services (or service revenue). Specifically, the Act provided a new ...
January 20, 2015
The White House released the President’s plan to raise taxes on high-income individuals and the financial sector ahead of the State of the Union address. Proposed Tax Increases The President&rsquo ...
January 08, 2015
The Internal Revenue Service (IRS) released an extensive 24 page Chief Counsel Advice (CCA) (ILM 201501013) concluding that certain commercial lending and stock distribution activities constituted a “trade or business” within the U ...
September 26, 2012
Third Circuit Holding Denies Special Allocation of Historic Rehabilitation Tax Credits to Tax Equity Investor Partner In an important decision with potential widespread implications to syndication (often referred to as &ldquo ...
December 14, 2011
Below are ten of the most popular accounting methods changes for individuals and their closely-held businesses to consider before year-end. All of these opportunities are implemented through a Form 3115 filing with ...
January 12, 2011
The 2010 Tax Relief Act President Obama signed into law in December, 2010 contains several provisions that will have a significant impact on both income and estate tax planning. In keeping income tax rates at ...
