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.
FF&F News & Events
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
Taxpayers have another reason to think twice before trying to avoid taxation by not reporting their foreign accounts.