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Feature
Articles
New
York’s New Tax Whistleblower Statute
By William Comiskey, JD
In
a move that appeared to generate little attention in
the CPA and tax practitioner community, New York’s
Legislature last summer unanimously passed a new tax
whistleblower statute that has the potential to dramatically
change the landscape for both high-end taxpayers who
evade their tax obligations and for the tax professionals
who help them do it. Read
more.
Tax
Law Changes for Individuals: Tax Rates, Breaks,
Estates and the AMT
By
Sharon L. McCarthy, JD, and Sidney Kess, CPA,
JD, LL.M.
The
tax rules for 2010 and 2011 were somewhat of a mystery
until the Tax
Relief, Unemployment Insurance Reauthorization and Job
Creation Act of 2010 was signed into law on Dec.
17. Read
more.
Tax
Compass
Opinion
The
Expanded 1099 Reporting Must Go
By
Jonathan
Horn, CPA
In
typical nonchalant fashion, Congress included
an expansion of 1099-MISC
reporting under code section 6041 as
part of the Patient Protection and Affordable
Care Act (PPACA)
passed in March 2010. Read
more. |
1099
Mandate Is a Step in the Right Direction
By William
Henry Jones, CPA
As
Congress and the president get ready to negotiate
the federal
budget for the fiscal year 2011, both can
agree on one thing—the federal government
is not collecting as much money as it spends.
Read
more. |
|
Opinion
Should the NCAA Have Tax-Exempt Status?
By Roy
Whitehead, JD, LL.M.
The
National Collegiate Athletic Association (NCAA) has tax-exempt
income of approximately $600 million per year, but are the
tax exemptions they receive justified and do they further
the educational mission of the member universities?
Read
more.
News
Items
Tax
Quote
There is no such thing as a good tax.
— Winston Churchill
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