One of the techniques to combat identity theft used by the IRS and state tax jurisdictions is to delay the issuance of taxpayer refunds. So while the IRS encourages taxpayers to file early to minimize … [Read more...] about IRS To Delay Issuance of 2016 Refund
CPA Loses to IRS in Tax Court
This is an interesting Tax Court case, if for no other reason, it illustrates the importance of a taxpayer working with an experienced and ethical tax professional. For all those taxpayers who are … [Read more...] about CPA Loses to IRS in Tax Court
Have You Abandoned Your Retirement Account?
Governor Wolf and the State Legislature of Pennsylvania took a bold step that could conceivably affect the IRA retirement accounts of PA residents. In the budget bill passed in July, a new provision … [Read more...] about Have You Abandoned Your Retirement Account?
Estate Tax Planning Strategy – Minority Interest Valuation
The Treasury Department has issued new proposed regulations that, if adopted as proposed, will effectively eliminate a common estate planning tool used to transfer wealth among family members. That … [Read more...] about Estate Tax Planning Strategy – Minority Interest Valuation
Refinancing – Preparation Steps
Whenever interest rates begin or are expected to change significantly, individuals immediately begin to think of refinancing their existing mortgage. That is a good approach to take. However, there … [Read more...] about Refinancing – Preparation Steps
NJ Proceeds to Terminate Reciprocal Tax Agreement with PA
NJ Governor Chris Christie announced that, effective January 1, 2017, NJ is unilaterally terminating the state's reciprocity agreement with PA. Under the current agreement, taxpayers were allowed to … [Read more...] about NJ Proceeds to Terminate Reciprocal Tax Agreement with PA
