Latest News

IRS Phone Scams

More than 1,000 American taxpayers have collectively lost about $5 million as a result of...

Final Tangible Property Regulations Executive Summary

Background On September 13, 2013, the Department of the Treasury and the IRS issued final...

A Summer Adjustment Can Prevent a Tax-Time Surprise

When it comes to filing a federal tax return, many people discover that they either...

Ohio Enact Midterm Tax Law Changes

On June 16, 2014, Ohio Governor John Kasich signed into law House Bills 492 (“H.B...

Hidden Traps for Small Employer HRA in 2014

Like many small employers with under 50 full-time equivalent employees, most small employers thought they...

Employee Shared Responsibility under Health Care Reform

After a one-year delay, health care reform’s employer shared responsibility (“play or pay”) penalty tax...

Employers Cannot Reimburse Individual Health Care Policies on a Pretax Basis

In recently posted employer healthcare arrangement FAQs, the IRS warns employers about using employer payment...

Important Tax Developments – 2014

The following is a summary of the most important tax developments that have occurred in...

The Repair Regulations & De Minimis Safe Harbor Election

The final tangible property repair regulations include a de minimis rule related to the acquisition or...