Latest Articles

  • 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. 
  • Advising U.S. Charities That Are Friends of Foreign Charities

    By:
    Emily Grand
    |
    Aug 1, 2015
    A “friends of” charity usually has a simple mission: raise funds for and awareness of the foreign charity that shares its name. For example, American Friends of the British Museum works in the United States to raise money to support projects and programs of the British Museum and to increase the museum’s profile among Americans. 
  • The Challenges of Bitcoin: What Has the IRS Done, and What Else Can It Do?

    By:
    Carnet A. Brown, CPA
    |
    Jul 1, 2015
    There can be no growth or development unless there is change—either positive or negative. The former is welcomed and supported; the latter must be managed with the hope of mitigating its effects. 
  • IRS Real Property Foreclosure and Cancellation of Debt Audit Technique Guide: A First Look

    By:
    H. Wayne Cecil, PhD, CPA, and Teresa King, PhD, CPA
    |
    Jul 1, 2015
    The IRS publishes Audit Technique Guides (ATG) to assist its examiners in performing appropriately focused audits of federal income tax returns. 
  • The Supreme Court Decided on Colorado Sales Tax—Or Did It?

    By:
    Brian Gordon, CPA
    |
    Jul 1, 2015
    In 2010, Colorado came up with a unique way to collect use tax on sales from remote sellers outside that state: because states cannot require out-of-state retailers to collect sales tax for them, Colorado passed a law requiring out-of-state sellers to report, to their customers and to the state, the amount of purchases made that is subject to use tax.
  • Three Considerations Before Purchasing Employment Practices Liability Insurance

    By:
    Kristine A. Sova
    |
    Jul 1, 2015
    Employment practices liability insurance (EPLI) is a type of insurance coverage that protects businesses from financial consequences associated with employment-related lawsuits. 
  • Managing Assets for Aging Baby Boomers and Their Parents

    By:
    Mira B. Weiss, Esq.
    |
    Jun 1, 2015
    Benjamin Franklin is famously quoted for saying, “In this world nothing can be said to be certain, except death and taxes.” Now, baby boomers can add a third certainty to that list: the extraordinary cost of long-term care. 
  • Optimizing Wealth Transfer under the U.S. Transfer Tax Regime

    By:
    Robert Weiss and Victoria Bolton
    |
    Jun 1, 2015
    The U.S. transfer tax regime, with its relatively new portability feature, high exclusion levels, and stability—along with the convergence of maximum estate and ordinary income tax rates—might tempt taxpayers into thinking that lifetime strategic planning is no longer needed or that simplified testamentary plans will produce better results for families. 
  • Tax Benefits of Energy-Efficiency Measures

    By:
    Kimberly Giese
    |
    Jun 1, 2015
    Energy is usually a “top five” expense item for any organization, but there are many ways to reduce the amount that an entity consumes or spends. These options are always site specific; they range from easy to complex, and the timeline and return on investment (ROI) vary by project. 

Tax Quote

“I shall never use profanity except in discussing house rent and taxes.” 


- Mark Twain

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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