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News

Lawmakers Blast IRS For Targeting Conservative Nonprofits

House and Senate lawmakers on May 10 blasted the IRS after learning that the Service had targeted approximately 75 conservative groups for additional scrutiny.

October 18, 2013
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Business Executives Optimistic About Hiring Plans

Last Friday’s U.S. Department of Labor report on August employment showed that current hiring trends are still relatively weak.

September 10, 2013
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IRS Changes Tax Filing Requirements For Large Corporations, Partnerships

The Internal Revenue Service said it will be making changes to the filing requirements for corporate and partnership taxpayers with assets of between $10 million and $50 million in an effort to lighten the burden.

July 11, 2013
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American Taxpayer Relief Act Extends Bush-Era Tax Cuts

In the early hours of January 1, 2013, the Senate passed, by an 89-8 vote, the American Taxpayer Relief Act of 2012 (P.L. 112-240), which, along with many other provisions, permanently extends the so-called Bush-era tax cuts for low- and middle-income individuals.

January 11, 2013
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IRS Issues Regulations On Property Ownership And Improvement

The IRS noted that it had received many comments on the regulations, most of which it addressed in issuing the rules. (The AICPA submitted a comment letter recommending various changes, described here.)

August 11, 2012
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Investment Income Tax To Impact Estates And Trusts

The Patient Protection and Affordable Care Act (P.L.111–148), (as amended by the Health Care and Education Reconciliation Act of 2010 (Pub.L. 111-152), contains a 3.8% net investment income tax (NIIT), that will impact estate and trusts, starting in 2013.

June 5, 2012
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