Federal Debt Limit Talks Move Major Tax Proposals up for Consideration

  • August 1, 2011

The federal debt limit negotiations that preoccupied Washington for most of July did not result in immediate tax legislation. However, the...

Health Care Reform Update for Colleges & Universities

  • July 1, 2011

We are committed to keeping you informed about the Health Care Reform and any changes that may arise. The most recent...

Latest IRS Statistics Reveal Typical Profiles of High Income Individuals

  • July 1, 2011

The trend in recent increases in numbers of federal individual income tax returns reporting incomes of $200,000 or more has reportedly...

Check Status of a Charity Before Making a Contribution

  • July 1, 2011

Americans donate hundreds of millions of dollars every year to charity. It is important that every donation be used as the...

Stay Within Tax Rules When Combining Business and Personal Travel

  • July 1, 2011

Whether for a day, a week or longer, many of the costs associated with business trips may be tax-deductible. The tax...

IRS Increases Business Mileage Rate

  • June 27, 2011

By Shelly Toft, CPA, Manager Due to the increase in fuel costs, the IRS has increased the optional standard mileage rates...

IRS Undertakes Review of Equitable Innocent Spouse Rules

  • June 1, 2011

The IRS is reviewing the two-year limitations period on claims for equitable innocent spouse relief, Commissioner Douglas Shulman recently told members of Congress. The lawmakers had asked the IRS to withdraw the two-year limitations period, indicating it was contrary to Congress' intent.

Inflation-Adjusted Amounts Released for 2012 Health Savings Accounts

  • June 1, 2011

The IRS has provided the inflation-adjusted amounts that will govern health savings accounts (HSAs) for 2012. Amounts are increased for changes in the cost-of-living adjustment. The amounts generally have increased from 2011.

Do You Need an Estate Plan?

  • May 9, 2011

Anyone who owns property – a home, a car, investments, business interests, a retirement plan, personal belongings, etc. – needs an...