Experience. Dedication. Results.
As the Internal Revenue Service (IRS) and the criminal tax division of the U.S. Department of Justice (DOJ) expand the global scrutiny of offshore bank accounts, they have turned their attention on three of Israel's biggest banks: Bank Leumi Le-Israel, Bank Hapoalim...
The Internal Revenue Service announced its inflation adjustments for the 2013 tax year, including tax rate tables, and items from the American Taxpayer Relief Act of 2012.Some of the most notable tax items for 2013 include the following changes: Beginning in tax year...
The National Taxpayer Advocate, Nina Olson, delivered the Taxpayer Advocate's 2012 Annual Report to Congress emphasizing the need for lawmakers need to overhaul the tax code completely in order to reduce the "significant, even unconscionable, burden" placed on...
Anyone with a start-up in California needs to think about taxes from the very beginning and not after the company earns some revenue. Planning ahead can prevent issues with the IRS in the future and allow the company to take some deductions. That being said, there are...
The fiscal cliff, Washington's latest catch-phrase, holds a surprise for California taxpayers seeking early filing opportunities. According to acting IRS Commissioner Steven Miller, the tax controversy looms trouble on the horizon for nearly two-thirds of America's...
The American Taxpayer Relief Act of 2012, passed by Congress in the final hours of 2012 and signed by President Obama on January 1, 2013, includes significant estate and gift tax law.Among its many tax provisions, the 2012 Act makes permanent the $5,000,000 gift,...
California residents are probably beginning to gather all their documents in preparation for filing their taxes soon. The IRS is becoming aware of taxpayers who are not in compliance with the requirements of IRA distributions and are issuing a warning that they will...
Tax Analysts is reporting that on December 19, the IRS released an agreement signed by U.S. and Norwegian competent authorities that clarifies special sourcing provisions in the Norway-U.S. income tax treaty with regard to income received for performing...
There are a substantial number of criteria that must be met for an organization to be considered exempt from taxes. Normally, a 501 (c) 3 status allows certain organizations to be free from paying taxes based on their organization's not-for-profit goal. To meet the...
Reuters is reporting that on December 14, 2012, the Swiss government announced a plan in an effort to clean up the country's image as a haven for untaxed assets. The plan, however, fell short of a requirement which would have required banking clients to prove that...
