Dec 21, 2015 | Latest Tax Developments, Tax Legislation
On December 18th President Obama signed into law the long negotiated extender legislation passed by the senate earlier in the day. Under the enacted legislation the tax provisions which expired at the end of 2014 were retroactively reinstated for 2015. Of those...
Sep 2, 2015 | Latest Tax Developments, Tax Legislation
President Obama signed the short-term highway funding extension, H.R. 3236, into law on Friday, July 31, 2015. Included in that law were a series of revised filing deadlines for numerous taxpayers. The most notable are as follows: Partnerships (and entities taxed as...
Jan 12, 2015 | Latest Tax Developments
Optional standard mileage rates for use of a vehicle will rise for 2015. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile. For business use of a car, van, pickup truck, or panel truck, the 2015 rate...
Jul 23, 2013 | Latest Tax Developments
Dear Client, The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income...
Jan 7, 2013 | Latest Tax Developments, Tax Audit Representation, Tax Code, Tax Legislation, Tax Planning and Preparation
Dear Client, The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income...
