The IRS is throwing yet another life preserver to taxpayers who were victimized by Hurricane Sandy. Under a new Notice, these taxpayers now have until October 15, 2013, to deduct their disaster-area losses on a 2011 or 2012 return.
If the owners of the Upstate New York strip club Nite Moves have their way, the Supreme Court will be taking up that question. They are challenging a $124,921 tax bill levied by state tax authorities and affirmed by appeals court judges.
Another round of bad news for the "Mean Girls" star Lindsay Lohan (age twenty-six) and her mom, Dina (age fifty). In early February they were greeted by an envelope tacked on the gate of their Merrick, New York, mansion.
A class-action gender discrimination lawsuit filed by five former KPMG LLP female professional employees against the Big Four accounting firm may go forward, a US district court judge in New York ruled February 7.
Continuing a year-long enforcement push against refund fraud and identity theft, the IRS announced the results of a massive national sweep targeting identity theft suspects in thirty-two states and Puerto Rico, involving 215 cities.
NFL wide receiver Plaxico Burress needs a good financial advisor . . . or a team of them. He seems to be his own worst enemy, with a long track record of self-inflicted wounds – financial, physical, and behavioral – followed by a career-crashing stint in prison.
A tax return preparer in Florida allegedly falsified tax returns that cost the US Treasury more than $17 million. After examining over 250 tax returns, the IRS found that over 90 percent understated the taxpayer's liability.
Most people kicked off the New Year vowing to get fit or eat healthy. But members of the Rochester NYSSCPA started off the year with a much more altruistic goal – to raise $75,000 for a Flower City Habitat for Humanity home.
ParenteBeard LLC, a top twenty-five, US accounting firm, and Presscott Associates, Ltd., a prominent health care management consulting firm, announced they have combined practices as of December 31, 2012.
Sobel & Co., a CPA firm in the New Jersey/New York marketplace, and Tinari Economics Group (TEG), with offices in New Jersey and New York, announced TEG has joined Sobel & Co. as a wholly owned subsidiary.
Christopher Street Financial, a New York-based wealth management firm, was founded in 1981 when Bob Casaletto, a gay man who worked at Merrill Lynch, realized that the financial needs of people in his community weren't being met.
Just days ago, New York State tax authorities arrested actor Stephen Baldwin on felony tax evasion charges. Baldwin owes an estimated $350,000 in taxes and penalties, according to Rockland County DA Thomas Zugibe.