FAQ: What is a Family Partnership?

  • May 1, 2012

The family partnership is a common device for reducing the overall tax burden of family members. Family members who contribute property...

Congress Eyes Retirement Savings Plans in Push Toward Tax Reform

  • May 1, 2012

Proposals to reform retirement savings plans were highlighted during an April 2012 hearing by the House Ways and Means Committee. Lawmakers...

Countdown to Supreme Court’s Health Care Decision

  • May 1, 2012

After three days of oral arguments in March, the Supreme Court is deciding the fate of the Pension Protection and Affordable...

Time for Post-Filing Season Checkup

  • May 1, 2012

Your 2011 tax return has been filed, or you have properly filed for an extension. In either case, now it’s time...

Contemporaneous Tax Records: Are You Keeping Up?

  • April 2, 2012

Everybody knows that tax deductions aren’t allowed without proof in the form of documentation. What records are needed to “prove it”...

Latest IRS Data Book Shows Jump in Higher-Income/Small Business Audit Rates

  • April 2, 2012

The just-released 2011 IRS Data Book provides statistical information on IRS examinations, collections and other activities for the most recent fiscal...

How Do I Guard Against Taxpayer Identity Theft?

  • March 1, 2012

The number of tax return-related identity theft incidents has almost doubled in the past three years to well over half a...

Coming Soon: Greater Tax-Wise Retirement Options

  • March 1, 2012

Retired employees often start taking benefits by age 65 and, under the minimum distribution rules, must begin taking distributions from their...

Payroll Tax Holiday Extended for All of 2012

  • March 1, 2012

On February 22, President Obama signed the Middle Class Tax Relief and Job Creation Act of 2012. The new law extends...