Latest Articles

  • Revised Tax Return Due Dates

    By:
    Stewart Berger, CPA
    |
    Oct 1, 2015

    The Highway Trust Fund Extension Act of 2015, which was passed by Congress and signed by President Obama on July 31, 2015, revised the filing of tax returns for calendar and fiscal year taxpayers for years beginning after December 31, 2015, resulting in a major restructuring of entity return due dates.

  • 5 Years of TaxStringer Stats

    By:
    TaxStringer Staff
    |
    Sep 30, 2015

    Thank you, our readers, for your ongoing interest in the TaxStringer and contributing to its five years of success. 

  • Who Said That? A Quiz for the Politically Inclined

    By:
    TaxStringer Staff
    |
    Sep 30, 2015

    Currently, there are 21 Democrats and Republicans running for their partys nomination for the office of President of the United States. Each candidate has said some pretty interesting things when it comes to taxes. See if you can match the quote to the candidate (Here’s a hint: Quotes are presented in the order in which the candidates declared their intention to run).  

  • Avoid Misleading Fundraising Appeals: Disclose Fully and Accurately

    By:
    Luana K. Lewis
    |
    Sep 1, 2015

    Through fundraising solicitations, charities inform donors about how supporting their activities will advance their missions.  To a great extent, these missions are the core reason why they are tax exempt under IRC section 501(c)(3). 

  • What Happens to Judgment Quality when Accountants Change Roles Within Their Firm?

    By:
    Robin Pennington, PhD, CPA; Jennifer B. Schafer, PhD, CPA; and Robert E. Pinsker, PhD, CPA
    |
    Sep 1, 2015

    It is a common practice, even among large firms, to rotate staff accountants to other departments when needed. Small to mid-size firms, given their relatively limited staff, find it particularly challenging to meet the demand for accounting services: audit staff often assist with tax preparation during tax season, and tax professionals assist on audits when needed.

  • Combat Pay and Related Benefits for Military Personnel

    By:
    Daniel G. Mazzola, CFA, CPA
    |
    Sep 1, 2015

    As a gesture of gratitude to the members of our armed forces engaged in combat overseas, the U.S. federal government has granted these dutiful men and women an exemption from federal income tax on their regular compensation, instituted bonus pay packages, and established special savings programs.  

     

  • IRS Proposes Additional Rules Applying to Private Equity Management Fee Waivers

    By:
    Todd G. Povlich
    |
    Sep 1, 2015
    On July 23, 2015, the IRS issued proposed regulations that would further limit a private equity firm’s ability to use management fee waiver mechanisms.  It is commonplace to see private equity firms waive current management fees from a sponsored investment fund and, in return, take a profits interest in said fund.  
  • International Tax and Withholding Issues for Entertainers and Athletes

    By:
    Carola Knoll, CPA
    |
    Aug 1, 2015

    Entertainers and athletes that come into the United States to perform are subject to U.S. taxation at the federal level, and possibly at the state and local levels as well. This article will highlight various federal U.S. tax compliance issues they could face.

  • 10 Questions on Deferred Management Fees for Hedge Fund Managers in 2017

    By:
    Timothy P. Noonan, JD, and Alan S. Kufeld, CPA, MST
    |
    Aug 1, 2015
    Over the past year, CPAs have been flooded with questions about the state tax implications of deferred management fee income that many hedge fund managers are expecting to receive in the near future. 
  • Options for Tax Collection Problems

    By:
    Daniel Gibson, CPA, EA
    |
    Aug 1, 2015
    Tax professionals encounter a myriad of reasons why taxpayers fail to keep up with their tax debts—for example, a sudden business downturn, unexpected catastrophic medical expenditures, or just living a lifestyle that leaves little left for the nuisance of tax payments to the government. 

Tax Quote

“Tax day is the day that ordinary Americans send their money to Washington, D.C., and wealthy Americans send their money to the Cayman Islands.” 


- Jimmy Kimmel

Death, taxes and childbirth! There's never any convenient time for any of them.
*Outside the Box is a new addition to the TaxStringer featuring important articles on financial and investment management topics by top authors who have expertise both inside and outside the realm of taxation.

 

 

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Views expressed in articles published in Tax Stringer are the authors' only and are not to be attributed to the publication, its editors, the NYSSCPA or FAE, or their directors, officers, or employees, unless expressly so stated. Articles contain information believed by the authors to be accurate, but the publisher, editors and authors are not engaged in redering legal, accounting or other professional services. If specific professional advice or assistance is required, the services of a competent professional should be sought.