March 22, 2011
Andrew Presti
Blog Posts
0 CommentsMarch 19th, 2011 Tax season is in full swing. But something is missing: the forms the Internal Revenue Service sends out in the mail every year. It isn’t a mistake. As part of a push to have more taxpayers file electronically, this year the IRS ended its decades-long practice of mailing paper packages to taxpayers. […]
Read moreMarch 21, 2011Andrew PrestiBlog Posts0 CommentsMarch 17th, 2011 With the April 18 deadline for filing some 2010 Form 709 returns looming, estate tax attorneys have asked the Treasury Department to issue formal guidance that will clarify that there will be no automatic allocation of the generation-skipping transfer tax (GST tax) exemption where there can be no benefit. The 2010 Tax […]
Read moreMarch 18, 2011Andrew PrestiBlog Posts0 CommentsInsurance contracts. The IASB and the FASB continued their discussions on insurance contracts by considering the following topics: Alternative presentation models Recognition of the composite margin in earnings Whether the Boards should permit or require a practical expedient for the discount rate. Alternative Presentation Models The Boards discussed several presentation approaches for the performance statement […]
Read moreMarch 17, 2011Andrew PrestiBlog Posts0 CommentsMarch 14th, 2011 On Monday, the IRS released final regulations regarding disclosure of return information by the Treasury Department in connection with written contracts among the IRS, whistleblowers and, if applicable, their legal representatives. The new IRS Whistleblower Office may determine during the course of an investigation that it needs the assistance of a whistleblower […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsThe President has signed the compromise tax bill, imposing a levy of 35% on estates valued in excess of $5,000,000 for people dying in 2011 and 2012 – that’s right; the new law is effective for only two years. Starting in 2013 the estate tax reverts to 2002 levels and is imposed at a rate […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsThese days, everybody could use a little help saving money-whether it’s $500 on telephone bills or $5,000 on payroll. But every business owner approaches the issue of cost control a bit differently. Some bring in outside consultants to sift through their expenses and conduct reviews; others attempt to make the most of their own in-house […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsThis is the time of year when you gather your business records, personal receipts and notes before discussing what you might owe Uncle Sam with your professional tax consultant. It seems as if the tax code gets lengthier and more complex every year, and this year is no different. It’s easy to overlook an eligible […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsIf visitors to your website far outnumber actual sales of goods and services, it might be time to take steps to improve conversion rates. E-commerce has changed all the rules when it comes to sales cycles and customers’ buying options and habits. Estimates suggest that more than 80 percent of online shoppers (goods and services) […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsPrior to December 17, 2010, Americans faced uncertainty about whether the Bush tax cuts would expire at the end of the year as scheduled. But the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 halted the speculation and brought some stability to taxpayers, financial planners and investors – at least, for now. […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsTraders’ attention was diverted from the usual data and financials when political turmoil in Egypt captured the world’s attention in February. Just when the crisis in Egypt appeared to be ending, a surge of unrest in the Middle East from outposts like the tiny Gulf island kingdom of Bahrain and the much larger Libya sent […]
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