by Sabeeh Syed | Jul 10, 2017 | Articles, News
The IRS issued guidance for taxpayers to take advantage of a number of tax provisions that had been extended or amended by the Protecting Americans From Tax Hikes (PATH) Act of 2015, Division Q of the Consolidated Appropriations Act, 2016, P.L. 114-113. The procedure...
by Sabeeh Syed | Jul 10, 2017 | Articles, News
One hot trend in the state and local tax arena is the enactment of special excise taxes on soda and other sweetened beverages. Those taxes have recently been enacted in four California localities; Boulder, Colo.; Cook County, Ill.; Philadelphia; and the Navajo Nation....
by Sabeeh Syed | Jun 28, 2017 | Articles, News
An OIC (offer in compromise) has been the life preserver of many a delinquent taxpayer over the years, but there’s also icing on the cake. The IRS has good news for taxpayers with circumstances that make payment difficult to impossible. You may remember it. It’s an...
by Sabeeh Syed | Jun 21, 2017 | Articles, News
People can be unpleasantly surprised when they find themselves hit with income tax by a state in which they were neither working nor living in the year in question. One of the reasons that happens is because of a concept called domicile. In today’s mobile...
by Sabeeh Syed | Jun 21, 2017 | Articles, News
An official from the American Institute of CPAs testified Wednesday before the Senate’s Small Business and Entrepreneurship Committee in favoring of lowering taxes for small businesses as much as corporations. “Tax relief should not mean a rate reduction for C...
by Sabeeh Syed | Jun 20, 2017 | Articles, News
The American Institute of CPAs has written a letter to the Internal Revenue Service and the Treasury Department asking them to postpone the effective date of the centralized partnership audit regime for one year until the end of 2018. Congress signed into law a budget...
