Category Archives: Tax Blog

MAR. 31 IS DEADLINE FOR MANY INHERITED PROPERTY BASIS RETURNS

The due date for filing returns with IRS and providing statements to beneficiaries under the rules requiring consistent basis reporting for inherited property for estate tax and income tax purposes, where the estate tax return of the decedent was filed … Continue reading

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The Court of Appeals for the First Circuit has upheld a district court’s determination that two officers of a corporation were liable for the Code Sec. 6672 penalty..!!

First Circuit upholds corporate officers’ responsible person status Schiffmann v. U.S., (CA 1 1/29/2016) 117 AFTR 2d ¶2016-386 The Court of Appeals for the First Circuit has upheld a district court’s determination that two officers of a corporation, that was … Continue reading

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Recent legislative tax changes will help your business clients for 2016 !!

 Business Tax  Changes should be on your radar screen to discuss with your key clients this spring… A large number of important tax changes go into effect this year. Many were ushered in by the Protecting Americans from Tax Hikes … Continue reading

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