Gamblers Luck Turns in Second Trip to Tax Court
A taxpayer who consistently lost money playing the slots at two casinos in California was found not to have an actual and honest profit objective and could not deduct her gambling losses on Schedule C.
Published on March 26, 2014
Introducing Troy Lewis, Incoming Chair of the Tax Executive Committee
Featured Story for Nov. newsletter from incoming chair of the TEC, Troy Lewis.
Published on November 21, 2014
Significant Decline in IRS Staff Leads to Fewer Audits
The IRS plans to expend 18% fewer staff hours auditing large businesses with assets of more than $10 million in fiscal year 2013
Published on April 11, 2013
IRS Releases Final Schedule UTP, Incorporates Changes
In two announcements, the IRS unveiled a number of significant changes to its plan to require certain business taxpayers to report uncertain tax positions on their tax returns and issued a final version of Schedule UTP
Published on September 24, 2010
Unfunded Non-Qualified Deferred Compensation - Business Succession Guide - 2003
This is a 2003 presentation discussing the benefits of unfunded non-qualified deferred compensation plans for small business owner. The tool has significant potential as it saves: payroll taxes, Social Security benefits, income taxes, gift taxes, and estate taxes all at the same time
Published on September 13, 2012
March 23, 2012 Tax E-alert Top News, Individual Filing, Voice for the Tax Profession and more
This newsletter contains information regarding: IRS Examinations on Repair/Capitalization Issues, Disclosure Requirements for Retirement Plan Fees, Form 8938, 179 Deduction Limit for Certain S Corporations,vSmall Businesses Offer Retirement Plans, Decanting, Tax Reform Task Force Established, Doing the Right Thing…When Tax Ethics Get Murky, Worker Classification. 2012 Tax Education...
Published on March 26, 2012
Guidance Issued on Employee Expense Reimbursement Arrangements
The IRS issued guidance on situations in which employers recharacterize wages as nontaxable reimbursements and whether they met the requirements to be treated as paid under an accountable plan
Published on September 10, 2012
Notice Gives Guidance on In-Plan Roth Rollovers
The IRS issued guidance on how plan participants can make rollovers from a 401(k) or 403(b) plan to a designated Roth account in the same plan
Published on November 29, 2010
2014-07-26TaxEalert Fate of Premium Tax Credit Unclear Affordable Care Act (ACA) Implications Mid-Year Premium Tax Credi...
This document contains information on the unclear fate of premium tax credit and Affordable Care Act Implications: Mid-Year premium tax credit checkup and more
Published on July 25, 2014
AICPA Submits Comments on IRS Uncertain Tax Position Proposal
The AICPA submitted comments to the IRS on the Service’s proposal to require certain business taxpayers to disclose their uncertain tax positions on their tax returns
Published on June 03, 2010