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Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More


FAQ: What are “excepted benefits” for purposes of ACA minimum essential coverage?

The ACA created Code ... Read More


Are IRS Q&As authoritative guidance?

The Tax Code is among the most complex of all ...
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How do I? Make tax-free gifts for tuition

With the soaring cost of college tuition rising on a yearly basis, tax-free ...
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November 2016 tax compliance calendar

As an individual or business ...
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Congress returns for year-end tax legislation push

 

Salvatore Russo, Partner Year-end 2016 is expected to bring a rush of tax-related legislation in Congress. Lawmakers will be up against a December 31 deadline to renew some expiring tax incentives and possibly pass new tax breaks for individuals and businesses. The year may end with what is often called a “Christmas Tree bill,” a bill that includes a variety of tax and other provisions.

Note: At the time this article was posted, the results of the November 8 presidential election was not yet known. That outcome will shape tax legislation in 2017 and beyond.

Tax breaks for individuals

In December 2015, many popular but temporary tax incentives for individuals were scheduled to expire at year-end. ... Read More




Natural disaster tax relief and preparedness

 

Andrew Presti, Senior Partner Following a natural disaster, the affect such a calamity would have on ones taxes is likely the last thing on an individual’s mind-if it crosses his or her mind at all. However, as inconsequential of a thought as it may seem as an individual is contending with the physical manifestations of what a natural disaster leaves in its wake, taxpayers should know that the IRS provides hardship related relief to those individuals so affected.

Disaster Area and Affected Taxpayer

Generally, for eligible taxpayers to take advantage of any relief offered by the IRS, the IRS must first denote whether a locale is a covered disaster area. ... Read More




    



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