Tax news

Tax

'Jersey Shore' Star Ends Up in One Fine Tax Mess

Mike Sorrentino, one of the stars on the former TV show "Jersey Shore," is having legal troubles. But the arraignment was postponed so that he could participate in a new reality TV show.
A&A

Bramwell’s Lunch Beat: CapEx Not Affected by Expired Tax Breaks

The menu for Oct. 30 features specials on lawmakers exploring post-election tax break deal, IRS issues tax guidance related to Ebola outbreak, Big Four pressured into anti-Hong Kong protest, and more.
Tax

How to Trim Taxes While Playing Santa

There are tax-advantaged ways to give, if you know the subtle rules. The $14,000 annual exclusion and $5,340,000 lifetime max do not have to be rigid limits, if you know some workarounds. In one important case, the IRS ruled in the taxpayer's favor.
A&A

Bramwell’s Lunch Beat: States with the Best Business Tax Climates

The menu for Oct. 29 features specials on federal judge throws out AICPA lawsuit against the IRS, EU warns Hungary over Internet tax proposal, Pfizer on the hunt for an inversion partner, and more.
A&A

Bramwell’s Lunch Beat: Big Winners in SEC Audit Client Gains

The menu for Oct. 28 features specials on Hungary softens proposed tax on Internet use, government lawyers go private to help inversions succeed, San Francisco calls “Twitter tax break” a success, and more.
A&A

Bramwell’s Lunch Beat: IRS Flexes Its Muscles on Civil Forfeiture

The menu for Oct. 27 features specials on FATCA may be to blame for more Americans renouncing citizenship, roundup of IRS technical guidance issued last week, auditor fined for violating partner rotation law, and more.
A&A

Bramwell’s Lunch Beat: The Skinny on 2015 Pension Plan Limits

The menu for Oct. 24 features specials on federal judge throws out lawsuits against IRS, KPMG audit deficiency rate was 46% in 2013, another tax inversion deal dies, Mary Crotty is new COO of FAF, and more.
Tax

Does TIGTA Foretell a Smooth Tax Season?

TIGTA finds the IRS performed admirably throughout 2014 tax filing season, despite the distractions, although split refund option problems and EITC misunderstandings remain.
A&A

Bramwell’s Lunch Beat: KPMG Finally Joining the Strategy Party

The menu for Oct. 23 features specials on SEC and Big Four Chinese firms continue talks over audit documents, Tesco chair resigns amid accounting mess, Mylan and Abbott tweak tax deal, and more.
A&A

Bramwell’s Lunch Beat: Average Fees for Tax Preparation

The menu for Oct. 22 features specials on IRS chief warns of complicated 2015 filing season, FASB continues efforts to reduce complexity, AICPA elects new board chair, inversion lobbying booms, and more.
A&A

Bramwell’s Lunch Beat: AICPA About to Roll Out SSARS No. 21

The menu for Oct. 21 features specials on AICPA responds to EEOC scrutiny of firms’ retirement-age policies, AbbVie-Shire inversion deal officially bites the dust, IRS behind on ID cards, and more.
Tax

College Students: The Gray Area of Exemptions

Parents pay their tuition, keep a room for them, and even do their laundry. But can they still deduct them as children? The rules can be dauntingly complex.
A&A

Bramwell’s Lunch Beat: Now Is the Time to Renew Your PTIN

The menu for Oct. 20 features specials on Tesco accounting probe finds “inappropriate behavior” by staff, AICPA launches new diversity and inclusion tools, ex-PwC employee sues Comcast, and more.
Practice

Assessing AMT Liability: Crazy Like a Fox

Did you ever feel as if you're preparing taxes in the Twilight Zone? You may be more right than you think, thanks to the AMT. Start preparing your clients to mitigate what could be bad news.
A&A

Bramwell’s Lunch Beat: Deep Dive Into Public Company Non-audit and Audit Fees

The menu for Oct. 17 features specials on the split over accounting convergence, middle-market tax burden is rising, US business leaders remain optimistic about economy, and more.
A&A

Bramwell’s Lunch Beat: As the Inversion World Turns

The menu for Oct. 16 features specials on WHO backs higher tobacco taxes, FASB looks to improve stock option accounting, former UBS manager testifies against Raoul Weil in tax evasion trial, and more.
A&A

Bramwell’s Lunch Beat: Time’s Up! Tax-Filing Extension Ends Today

The menu for Oct. 15 features specials on IRS says business e-file up 10 percent in 2014, AbbVie may back out of Shire inversion deal, Grant Thornton revenues reach an all-time high, and more.
Wealth management

How to Alleviate the Cap Loss Tax Problem

It may look like the IRS caps loss deductions at $3,000, but that ceiling is not the whole story for tax-savvy investors. Julian Block shows how a clever Victoria's Secret model took full advantage of the IRC.
A&A

Bramwell’s Lunch Beat: Rules, Smules – More Inversions On the Way

The menu for Oct. 14 features specials on Tesco suspends three more workers amid accounting probe, Swiss banker faces feds in tax evasion trial, new survey finds that aggregate goodwill impairment at lowest level since 2008, and more.
A&A

Bramwell’s Lunch Beat: A $14.7 Billion Tax Increase Is Lurking

The menu for Oct. 10 features specials on AICPA wants IRS to make changes to tangible property regs, CAQ survey finds investor confidence pretty high right now, inverted company buys US firm, and more.

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