Penalties for failing to file tax returns and failing to pay on time can add up quickly.
FF&F News & Events
The IRS has announced that Douglas Shulman, the 47th Commissioner of Internal Revenue, will step down from his post on November 9, 2012, which is the last day of his five-year term.
A veteran was eligible for a New Jersey local property tax exemption for his dwelling for tax year 2011 based on disabilities he suffered from exposure to enemy chemical agents in the course of military service in Operation Northern Watch/Southern Watch pursuant to N.J.S.A. 54:4-3.30 and N.J.S.A. 54:4-8.10.
Certain planning techniques involve the use of interest rates to value interests being transferred to charity or to private beneficiaries.
The New York Department of Taxation and Finance has issued two notices announcing relief for taxpayers affected by Hurricane Sandy.
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of December 2012.
To the great relief of many business taxpayers (and the tax practitioners who serve them), the IRS has delayed until 2014 the application of the sweeping new regulations on the capitalization of expenditures relating to tangible property that were introduced last December.
IRS Commissioner highlights achievements in farewell address, urges action on AMT Patch, funding and more
In his final public address as IRS Commissioner, Douglas Shulman reflected on some of his accomplishments and urged Congress to pass an alternative minimum tax (AMT) patch for 2012 to avoid delaying the 2013 filing season.
With 2013 bearing down on us, we hope you have a moment to spare from holiday preparation for some good old-fashioned year-end tax planning