Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
WHAT’S NEW ON THE 2016 DRAFT FORM 1040 AND RELATED FORMS AND SCHEDULES IRS has released on its website a number of draft tax forms and instructions for the 2016 tax year, including Form 1040 and its related schedules. This Practice Alert, which appears in two parts,...
This is an article just announced on the Thompson Reuters Website: Disaster victims in Florida qualify for tax relief IRS has announced on its website that victims of Hurricane Hermine in counties of Florida that are designated as federal disaster areas… DISASTER...
The Draft is Slavery. End it. Congress has been debating the merits of adding women into Selective Service to be drafted with men during times of national emergency. Sen. Rand Paul has suggested that it would be better to end the draft. The Libertarian Party agrees....
Prince may have known music, but he forgot to plan for his family. Like 70% of America, he died without an Estate Plan or Will. As a result, the IRS and States will get about 50% of his estate. All of his hard work goes to the Government rather than his family and...
Rev Rul 2015-8, 2015-18 IRB The Applicable Federal Rates for May 2015 are reproduced below. Table 1 Applicable Federal Rates (AFR) for May 2015 Period for Compounding Annual Semiannual Quarterly Month Short-Term AFR .43% .43% .43% .43% 110% AFR .47% .47% .47% .47%...
Check for the 2 new tax laws in our newsletters section see: http://www.TaxEsq.com
The IRS announced in IR 2014-99 increases to retirement plan contributions. Highlights include the following: The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan...
Today is Columbus Day. Growing up it was an important holiday but now Columbus is being derided for all of his various faults. My son, who is in 8th grade and has an extremely inspiring history teacher, came home and told me that “Mrs. M does not think we should...
Well, the IRS was closed Friday, so tax attorneys were sending around some humorous comments. This video on the Affordable Care Act (“Obamacare”) is irreplaceable: https://www.youtube.com/watch?v=ycjjM-Win8U&feature=youtu.be Happy Father’s Day to all. Ron...
IRS to Furlough Employees on Five Days; Operations Will Shut Down Entirely The IRS will be closed for business on five days falling between May 24 and August 30. NTEU Press Release (4/19/13). Late last week, the National Treasury Employees Union (NTEU) announced that...
