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In today’s investment landscape, the mounting uncertainty about growth and income from traditional investment sources has created a conundrum for yield-seeking investors.

In our prior articles on the IRS, we covered standard notices, the audit process, and the various avenues to resolution including going to Appeals and Tax Court.

The American Taxpayer Relief Act of 2012 (The Act) renews the enhanced charitable income tax deduction for qualified conservation easements through 2013.

While hiring a tax professional to assist in your audit defense can be costly, in many cases, the fees paid can be deducted on your tax return.

Although we do not know whether Congress will extend the Bush-era tax cuts, who will be affected, for how long, and when any changes might go into effect, we do know the planned rate increases that will go into effect short of any action by Congress.

Are you considering demolishing your home and rebuilding on the property, or buying property with the intention of demolishing the existing structure?

Five years into the revised New York combined reporting system there is still little guidance and many questions remain, even after answers in the April, 2007 law change.

Form 8938 (Statement of Foreign Financial Assets), introduced in 2011 as part of the Foreign Account Tax Compliance Act (FATCA), requires taxpayers to report their foreign assets, subject to minimum values, and indicate where the related income is picked up on their tax return.

The financial press is abuzz with all the latest announcements from IRS about calls for increased enforcement of the nation's tax laws.

In the five years since the Credit Crisis and Housing Bubble, the United States economy has been marred with negative or substandard economic growth.

The tenth anniversary of the enactment of the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley) reminds us of the many changes that have occurred during the last 10 years in the accounting industry.

The July 2012 issue of WTAS’ For the Record described the Internal Revenue Service (IRS) audit process and various options available to taxpayers to bring an audit to a successful close.

Much of family wealth planning is predicated on the concept that assets appreciate over time.

As part of our ongoing series covering the audit process, this article focuses on the payment stage of the exam and the courses of action available to taxpayers. Whether an audit is big or small, the fundamental procedures are the same.

It has been almost eight years since the enactment of Section 409A, setting forth the complex rules governing the timing, form and tax treatment of nonqualified deferred compensation payments.

In December 2011, Internal Revenue Service (IRS) issued proposed and temporary regulations on the deduction and capitalization of expenses related to the repair, improvement, replacement, disposal and acquisition of tangible property

With the hassle of planning an out-of-state move, taxpayers often overlook an important aspect—changing residency for state tax purposes.