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October 15th is an important tax deadline

Friendly reminder- Thursday, October 15, 2015 is an important tax due date for our clients who are: Filing extended 2014 individual tax returns- Federal Form 1040 Setting up a Simplified Employee Pension (“SEP”) plan for ...

Reminder: Estimated payments due September 15!

Federal estimated payments for the third quarter for calendar year taxpayers are due.

Important Tax Provisions in Highway Trust Fund Extension Law

On July 31, 2015, President Obama signed into law P.L. 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the "Act"). Included in the Act are a number of important tax ...

Deadline of March 16, 2015 Draws Near to Avoid Extensions of Tax Returns due April 15, 2015

Implementation of new reporting requirements of the Affordable Care Act and application of the new tangible property repair regulations have made tax compliance for 2014 more time-consuming. We want to remind you that, as set ...

IRS Makes it Easier for Small Businesses to Apply Tangible Property Regulations to 2014 and Future Years

On the afternoon of Friday, February 13, 2015, the Internal Revenue Service (“IRS”) made it easier for small business owners to comply with the final tangible property “repair” regulations (“Regulations”).   Revenue Procedure 2015-20 allows small ...

New Tangible Property Regulations May Require More Time and Expense to File 2014 Income Tax Returns of Many Taxpayers

The Internal Revenue Service recently issued final tangible property “repair” regulations and disposition regulations (“Regulations”).   These broad Regulations will likely impact most taxpayers in all industries.   These Regulations generally apply to taxable years beginning on ...

Deadline Approaches for Distributions Eligible for 65-Day Election by Calendar-Yearend Complex Trusts and Estates: March 6, 2015

The fiduciary of a complex trust or estate can elect annually to treat amounts paid or properly credited by the complex trust or estate to a beneficiary within the first 65 days following the close ...