What is transferee tax liability?

Feb. 16, 2017

The prudent businessperson is always cautious when he or she is offered a great bargain on real estate, equipment, a business interest, or some other property that just might be […]

How do I establish a profit motive for business activities?

Feb. 13, 2017

The IRS has rules that limit the deductibility of expenses and losses from a hobby or activity not engaged in for profit. If the IRS determines that an activity is […]

Deducting receivables as bad business debts

Feb. 08, 2017

Many businesses continue to face customers struggling to pay outstanding bills for services or goods. The Tax Code provides relief to businesses faced with the inability to collect on accounts […]

Keep an ‘arms length’ when transacting with family members

Feb. 01, 2017

Although the old adage warns against doing business with friends or relatives, many of us still do, especially where personal or real property is involved. While the IRS generally takes […]

Remain vigilant against nationwide tax scams

Jan. 30, 2017

With tax return season underway, be on the lookout for numerous tax scams related to identity theft and refund fraud. In doing so, the IRS has provided a summary of […]

Are some tax return deadlines changing in 2017?

Jan. 27, 2017

The Surface Transportation Act of 2015 provided for major changes in certain tax return deadlines. To allow for a transition period for taxpayers adjust to the new due dates, the […]

Which records should I keep/discard?

Jan. 25, 2017

A new year may find a number of individuals with the pressing urge to take stock, clean house, and become a bit more organized. With such a desire to declutter, […]

IRS extends eligibility rule waiver for taxpayers implementing “repair regulations”

Jan. 20, 2017

The IRS announced in December a one-year extension of the waiver of the eligibility rule for taxpayers making certain automatic accounting method changes under the final tangible property regulations, known […]

Four trends and tips for enhancing nonprofit support from millennials

Jan. 10, 2017

Is your organization effectively reaching the next generation of supporters? Both the recently released Connected Nonprofit Report from and the Millennial Impact Project from Achieve (in partnership with the […]

IRS warns taxpayers of numerous tax scams nationwide

Dec. 22, 2016

As tax season approaches, the IRS, the states and the tax industry reminded taxpayers to be on the lookout for an array of evolving tax scams related to identity theft […]