Government and School Districts Articles
Posted by Sherry DelleBovi on September 21, 2017
The U.S. Department of Labor (DOL) has begun taking steps to loosen the reins on employers, turning away from some Obama administration initiatives.
Posted by Jill Johnson on August 15, 2017
A federal grand jury indicted two former officials of a Florida technology firm with conspiring to obstruct an SEC probe into the sale of their company. The charges run parallel to allegations against two former executives of the acquiring company for accounting fraud.
Posted by Sara Dayton on August 11, 2017
Got internal auditors? We may be able to work together to make your financial reporting process easier and more effective … if you meet SAS 128 requirements.
Posted by D’Marie Murray on July 26, 2017
Filing an amended return is relatively straightforward if you expect a refund — as long as you're within the requisite two- or three-year window of opportunity. But when you've underpaid your taxes, filing an amended return can be a dicey situation.
Posted by Sherry DelleBovi on July 18, 2017
The federal income tax treatment of contingent fees paid to an attorney out of a taxable non-business judgment or settlement has been a source of confusion. Here's an overview of the outcome of litigation between individual taxpayers and the IRS, along with a taxpayer-friendly exception to the general rule.
Posted by on July 13, 2017
The IRS sometimes challenges deductions claimed for certain types of business expenses. In doing so, an examiner might claim that payments made by a corporation to a shareholder for personal items or that are above or below fair market value constitute “constructive dividends.” Reclassifying business expenses as dividends has adverse tax consequences, as a recent case demonstrates.
Posted by Christopher Lukowski on July 12, 2017
In recent years, the IRS has offered “green” tax credits to individuals who purchase qualifying residential energy-efficient equipment and certain electric vehicles. Some of these breaks expired at the end of 2016, but others are still ripe for the taking in 2017 and beyond. Here’s what you need to know to take advantage.