Successful tax planning includes a review of your available deductions and the impact of your filing status on your option to itemize. It is important that all of the technical requirements for your … [Read more...] about 2012 Tax Planning – Maximizing Itemized Deductions
WHAT IS FILIAL LAW? WOW, AM I REALLY LIABLE FOR THE DEBTS OF MY FAMILY?
When I heard an elder law attorney discuss filial law, my reaction was the same as everyone in the audience. This cannot possibly be true. Could this happen to you? Your mother enters a nursing home … [Read more...] about WHAT IS FILIAL LAW? WOW, AM I REALLY LIABLE FOR THE DEBTS OF MY FAMILY?
PA Sales and Use Tax: What are the sales and use tax consequences of accessing taxable canned software on remote servers, also known as “cloud computing”?
Pennsylvania (PA) imposes a sales and use (S&U) tax on the retail sale of tangible personal property and certain services. For S&U tax purposes, the sale, including a license to use, canned … [Read more...] about PA Sales and Use Tax: What are the sales and use tax consequences of accessing taxable canned software on remote servers, also known as “cloud computing”?
Foreign Bank Account Reporting (FBAR): Are you in compliance?
Are you in compliance with the IRS rules regarding FBAR? The IRS amended the questions on the 2011 Schedule B of Form 1040. The 2011 form not only asks whether the taxpayer has a foreign trust or … [Read more...] about Foreign Bank Account Reporting (FBAR): Are you in compliance?
How To Get Your Hands on $1 Billion
The IRS estimated that it had $1 billion in unclaimed tax refunds waiting for you … [Read more...] about How To Get Your Hands on $1 Billion
Hazards of Not Following IRS Rules & Regulations
A very successful California entrepreneur was denied an $18.5 million tax deduction for his charitable donations because he failed to follow the IRS substantiation rules when filing his self-prepared … [Read more...] about Hazards of Not Following IRS Rules & Regulations
