Double Trouble! Employment Taxes & The Trust Fund Recovery Penalty
“Lord, hou schulde God approve that you robbe Petur and gif is robbere to Poule in ye name of Crist?” John Wycliffe, Selected English Works, c. 1380 In medieval England, the Christian Peter and Paul were two peas in a pod. They were both apostles and both martyred in Rome. They even shared the same […]
FBAR Due Date Changed
The short-term highway funding extension was passed by the Senate and the House of Representatives and was signed into law by President Obama on July 31, 2015. It contains several important tax provisions (H.R. 3236 (https://www.congress.gov/114/bills/hr3236/BILLS-114hr3236ih.pdf)). The bill changes the due dates for several common tax returns, overrules the Supreme Court’s Home Concrete decision, mandates the reporting of additional information on […]
Onward And Upward Towards Corporate Tax Reform
Tony Nitti, a contributor for Forbes.com, wrote a fabulous piece on the Rubio-Lee Proposal For Tax Reform. It is entitled, “Reviewing The Rubio-Lee Proposal For Tax Reform.” Mr. Nitti covers not only the individual income tax reform aspects of the Rubio-Lee proposal but also the corporate tax reform aspects, as only he can. I’ve posted […]
The Movers And Shakers For Corporate Tax Reform In the U.S.
Amy Sarfo of Law360 published a fascinating piece entitled, “11 Power Players In 2015 Business Tax Reform.” I’ve attached the article below: Momentum in Washington is growing behind the idea of a 2015 tax reform package, but lawmakers won’t be able to realize that possibility on such a tight deadline without a phalanx of power […]
Corporate Tax Reform: An Illusion or a Reality?
It has been a rallying cry that is as old as time and that rivals that of the standing ovation that the Rangers receive after scoring a power play goal: “Corporate tax in this country needs to be reformed.” Who is leading the charge? America’s chief executives. What is responsible for catapulting this into the […]
CORPORATE TAX SHELTERS: ARE THE RISKS WORTH THE HYPE?
The majority of tax shelters are in full compliance with the tax laws, but an increasing number of these shelters have crossed the boundaries whereas they are being viewed as illegal, abusive tax shelters. So what’s the difference between a true business loss and a tax shelter loss? The substance of the event that gives […]