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The Latest From Our Publications

Read the October 2016 Issue on


Our focus this month is on taxes, and our features and departments cover a wide array of unique and unusual circumstances. Going beyond the bread-and-butter issues, tax advisors can sharpen their knowledge of these issues, which can be invaluable to taxpayers who find themselves in just such a scenario.

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  • Two Mistakes to Avoid When Following Up
    Aug 19, 2016
    If you’re a networking pro, you know the importance of having a network of professionals you can reach out to, and how beneficial it can be to have a network that’s constantly growing. Of course, adding people to your contacts list isn’t enough – you have to follow up with them, stay in contact so that they remember you exist. If you’re comfortable with doing that, that’s great! But sometimes the way you follow up can backfire on you. The Daily Muse offers a couple mistakes to avoid the next time you send out a friendly “staying in touch” type email: 
  • Three Things to Consider Before Accepting a Friend Request from a Coworker
    Aug 16, 2016
    Becoming friends with your coworkers can have numerous positive effects, including more successful teams and an improved office culture. Grabbing the occasional happy hour after work with coworkers can also add positivity to your work. Still, while there are a number of benefits to cultivating friendships with your coworkers, there are a few things you should consider before accepting a friend request from a coworker. Here they are, from Forbes:
  • Four Reasons You Should Consider Declining a Job Offer
    Aug 12, 2016
    Especially if you’ve been job hunting for a while, it can be easy to rationalize taking a position that you might not be 100% happy with. But unless you’re really desperate and need to pay the bills, taking a job that isn’t a good fit for you might be the worst decision you could make. Here are five reasons from Time that you might want to reconsider accepting that job offer:
  • TIGTA: IRS Can Do More To Beef Up Security
    Oct 21, 2016
    The Treasury Inspector General for Tax Administration said that the IRS has made good improvement in securing its systems from attack, but still found flaws in its processes and procedures that serve as possible avenues for further exploits. 
  • Study: Your Stressful Job May Literally Be Killing You
    Oct 21, 2016
    Ever mutter, after yet another late night at the office, "man, this job is really killing me." A recent study from Indiana University has found that you might actually be right. 
    Oct 21, 2016

    Accounting and Financial News Stories

    Going Broke is Clients’ Biggest Retirement Fear, CPAs Say
    Those carpe diem baby boomers who’ve been spending a lot of money on fun stuff through many of their adult years now say running out of money in retirement is their biggest concern, according to a recent survey of CPA financial planners by the American Institute of CPAs (AICPA). We’re not entirely jesting about boomers’ seize-the-day purchasing habits. They generally are widely considered to be big shoppers, as Business Insider reported in 2015. And the oldest boomers, born between 1946 and 1955, spend the most, according to a 2015 Gallup article.

  • Social Security Wage Base To Grow 7 Percent
    Oct 20, 2016
    The maximum amount of wages subject to the Social Security tax will be growing by 7 percent in 2017 according to a recent announcement from the Social Security Administration. 
  • Wells Fargo Troubles Deepen As It Faces ID Theft Probe, Racial Profiling Accusations
    Oct 20, 2016
    Just because its CEO stepped down doesn't mean Wells Fargo's problems are going away. Indeed, it appears that authorities are just getting started. Authorities in California, are alleging that the bank racially profiled immigrants for its phantom accounts and, in a separate case, that it engaged in criminal identity theft in creating these accounts.  
  • A Brief Update on Filing Requirements for U.S. Citizens Living Abroad and Resident Aliens in the United States
    Oct 1, 2016

    Who has to file Form 1040NR? Form 1040NR may need to be filed if a specified individual is a nonresident alien engaged in a trade or business in the United States, represented a deceased person who would have had to file Form 1040NR, or represented an estate or trust that had to file Form 1040NR. See the form’s instructions for more information.

  • 2016 New York Tax Update: Highlights and Lowlights
    Oct 1, 2016

    This article covers recent updates and developments in the New York State and City tax areas.

  • Proposed Regulations Under IRC Section 2704
    Oct 1, 2016

    On Aug. 2, 2016, the U.S. Department of the Treasury and the IRS issued proposed regulations under IRC Section 2704 (the “Proposed Regulations”) that, if enacted in its present form, might significantly curtail the ability of taxpayers to claim valuation discounts for both lack of control and lack of marketability in family-controlled entities. 

  • Why the Estate Tax Should Concern Us All
    Oct 1, 2016

    During the week of Aug. 7, presidential candidates Hillary Clinton and Donald Trump revealed their respective tax policies in major speeches to partisan audiences. While the presentations contained such jargon as marginal rates, inversions, and expenditures, the programs can be summarized as follows: Corporate America—along with the wealthy—will bear the brunt of Mrs. Clinton’s progressive agenda in the form of higher taxes, while these two groups would see their taxes reduced under a Trump regime. This is the choice Americans face in November.

Carry It Forward

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