Financial News

The U.S. experienced a partial government shutdown from Dec. 22, 2018 to Jan. 25, 2019, the longest in U.S. history, and this has disrupted the service of multiple federal agencies, including the [...]

Senate Republicans are planning to move tax reform legislation through the budget reconciliation process this fall, Senate Majority Leader Mitch McConnell announced on August 1. Only 50 Senate [...]

At the present time, it appears that legislation to repeal and replace the Affordable Care Act (ACA) – including the related 3.8% net investment income tax and additional 0.9% Medicare surtaxes – [...]

On January 20, 2017, Donald J. Trump will be sworn into office as the 45th President of the United States.  With a Republican House and Senate, we are likely to see changes in the way of tax [...]

WASHINGTON, D.C. (OCTOBER 7, 2016) BY MICHAEL COHN The Internal Revenue Service added new data elements last tax season to its computer system filters to catch suspected cases of identity [...]

This month, California’s new sick leave law goes into effect requiring almost all employers with at least 1 employee to provide their employees at least three paid sick days.  There are 2 [...]

We’ve never seen anything like it. In 2013 alone, hackers and fraudsters have made more attempts to compromise our clients’ data security than they did in the previous ten years [...]

The IRS opened a second offshore voluntary disclosure initiative (OVDI) on February 8 that is scheduled to run through August 31, 2011. The IRS offers a reduced penalty framework to taxpayers who [...]

While we are getting ready for our holiday festivities and New Year’s celebrations, the members of Congress and our President have been hard at work. On December 17, President Barrack Obama [...]