Tax Provisions in the Fiscal Cliff Act

Article:  The “fiscal cliff” legislation enacted on Jan. 2—the American Taxpayer Relief Act, P.L. 112-240—contains a large number of tax provisions.
Published on April 17, 2013

Firing Clients Can Be Good for Business

Article:  There are a variety of reasons that clients should be asked to leave the firm. The average CPA can follow certain steps to recognize these situations and take appropriate action.
Published on April 08, 2013

Background and Methods of Integrative Tax Practice

Article:  CPAs must assess the methods, skills, and tools needed for family practice to better integrate clients’ most important personal finance concerns.
Published on March 13, 2013

First Circuit Breathes New Life Into Faade Easement Deductions

Article:  A recent First Circuit decision will affect how the tax benefits of certain façade easements are litigated in the First Circuit and may result in appeals of some of the Tax Court’s recent easement holdings.
Published on February 28, 2013

Planning for Charitable Contribution Limitations

Article:  The amount of charitable contributions an individual can deduct in any one tax year is limited depending on the types of organizations to which the contributions were made, the kinds of property contributed, and the amount or value of the donated property.
Published on February 28, 2013

The Complexities of Calculating the Accuracy-Related Penalty

Article:  Calculating the accuracy-related penalty can quickly become a complex and sometimes daunting task that requires careful consideration and insight.
Published on February 28, 2013

Partners Income Allocations and the New Net Investment Income Tax

Article:  The health care acts, along with recently issued Treasury guidance on the applicability of the additional Medicare tax, may prompt partnerships to reevaluate the potential tax impact of the partnership's structure on their individual partners.
Published on February 28, 2013

IRS Releases Final Regulations and Interim Guidance on Medical Device Excise Tax

Article:  Treasury published final regulations and additional interim guidance relating to the medical device excise tax.
Published on February 28, 2013

The Challenge of Contributing Off-Spec Food to Charity

Article:  Donations of “off-spec” food may not result in a charitable contribution deduction greater than the tax basis of the food inventory  because of the difficulty of determining the proper tax basis and FMV for the food.
Published on February 28, 2013

Alternative Apportionment Fairness Is Not the Only Factor

Article:  Alternative apportionment provides taxpayers and tax administrators with a means to obtain ad hoc relief when the application of a state’s standard apportionment formula fails to reflect a taxpayer’s business activities in the state.
Published on February 28, 2013

IRS Proposes Rules for Truncating Taxpayer Identification Numbers

Article:  The IRS issued proposed regulations that permit filers of information returns to use truncated taxpayer identification numbers when issuing payee statements in the Form 1099, 1098, and 5498 series.
Published on February 28, 2013

Proposed Regs. Issued on Large Employer Health Coverage Shared-Responsibility Provisions

Article:  The IRS has issued proposed regulations providing guidance on the large employer “shared responsibility” provisions in Sec. 4980H.
Published on February 28, 2013

Cross-Border Taxation

Article:  Once the exclusive province of large accounting and law firms, now even the smallest firms must master cross-border tax issues.
Published on February 28, 2013

Developments in Individual Taxation

Article:  This article covers recent developments in individual taxation. The items are arranged in Code section order.
Published on February 28, 2013

Software License Held to Be Intangible Property Right

Article:  The California Court of Appeals held that royalties that the taxpayer earned for the licensing of the right to replicate and install its software to computer manufacturers were from licenses of intangible property for purposes of the corporate franchise tax.
Published on February 28, 2013