Tax Advisory

The IRS has issued much-anticipated final “repair” regulations that provide guidance on the treatment of costs to acquire, produce or improve tangible property. These regulations take [...]

Last month a new law was signed repealing a $120 million retroactive income tax increase on taxpayers that had excluded 50% of the gain from the sale of qualified small business stock.  The [...]

One of the newest phishing schemes involving the IRS has been a criminal obtaining a taxpayer’s social security number and filing a fraudulent tax return resulting in a large tax refund. They [...]

President Obama recently said that he wants a tax reform/deficit reduction package by August and lawmakers have many proposals to consider. The President has introduced a $3.77 trillion budget [...]

Questions over the operation of the new 3.8 percent Medicare tax on net investment income (the NII Tax) continue to be placed on the IRS’s doorstep as it tries to better explain the [...]

As you have been seeing on the news, the U.S. House of Representatives and U.S. Senate passed a bill, (The American Taxpayer Relief Act of 2012 but commonly referred to as “fiscal cliff [...]

–> Now that the elections are completed, we wanted to share with you where the tax laws currently stand: Proposition 30 The passing of California Proposition 30 will result in an [...]

One of the most common tools used in estate planning – and one that everyone should at least give careful consideration to – is a program of making gifts. A carefully planned [...]

A SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) IRA is a retirement savings plan designed specifically for small employers. A SIMPLE IRA is an IRA-based plan with ease [...]

Supreme Court Hands Down Landmark Health Care Decision – Now What? On June 28, the U.S. Supreme Court issued its long-awaited landmark decision on the Patient Protection and Affordable Care [...]