• Tax planning for the 3.8 percent Medicare surtax

    The new 3.8 percent surtax may or may not be something that triggers change in trust administration, and consideration should always be given to the non-tax motives and desires of the trust creator as articulated in the trust document’s directives and powers.
  • Rep. Camp releases tax reform proposal

    On Feb. 26, 2014, the House Ways and Means Committee Chairman David Camp released the Tax Reform Act of 2014 (the proposal). The proposal repeals 228 sections of the existing tax code and, if enacted, would represent the most sweeping change to the income tax code since the Tax Reform Act of 1986.
  • New IRS guidance changes structuring of historic rehabilitation tax credits

    The magnitude of these requirements on HTC projects has many developers, tax advisors, attorneys, and CPAs rethinking their effect on historic rehabilitation projects currently in planning and development. Investors may insist safe harbors be adopted and followed in order for them to be satisfied they will be properly allocated HTCs.
  • Expense reimbursement schemes

    Organizations worldwide lose an estimated five percent of their annual revenues to fraud. One of the easiest fraud schemes an employee can perpetrate is an expense reimbursement scheme.