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These pages are focused on tax news, client letters, legislative developments, tax CPE, tax software resources, checklists and references. Other tax categories, such as income tax issues and real estate taxes are also found here.

Tax Court allows deduction for sex-change operation

02/08/2010 - 12:12 - 308 reads

The U.S. Tax Court in Boston ruled in favor of a plaintiff who claimed approximately $5,000 in medical deductions for expenses relating to her sex-change operation.

Obama's budget and related tax plans will affect the grass roots

02/04/2010 - 01:26 - 1813 reads

President Obama’s State of the Union speech last week outlined a broad agenda of tax provisions that he hopes will breathe new life into the economy.

Nine states and District of Columbia will file tax returns in new locations

02/03/2010 - 23:36 - 765 reads

The Internal Revenue Service has announced that some taxpayers who file paper income tax returns will send them to different processing centers this ...

iDonatedIt: CPA firm produces donation-tracking iPhone App

02/03/2010 - 20:31 - 650 reads

The Lincoln, NE-based firm BMG Certified Public Accountants, LLP has released a $2.99 donation-tracking application for iPhone, iPod Touch, and iPad users.

IRS announces qualified disaster treatment for Haiti earthquake

01/28/2010 - 12:23 - 1230 reads

The Internal Revenue Service has issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes.

Swiss government bows to court ruling: Will review UBS tax agreement

01/28/2010 - 11:56 - 1343 reads

The Swiss government announced this week that it will respect a Swiss court decision last week that declared parts of a deal reached in August with the United States illegal under Swiss law and would reopen talks with the United States.

2010 Haiti relief contributions are deductible on 2009 tax returns

01/25/2010 - 08:26 - 4455 reads

All members of Congress came together late last week with both the House and Senate voting unanimously to approve legislation that will allow eligible taxpayers to claim a deduction on their 2009 income tax returns for contributions to earthquake relief efforts in Haiti.

House unanimously passes bill to expedite tax deductions for Haiti contributions

01/21/2010 - 13:53 - 1914 reads - 2 comments

The U.S. House of Representatives voted unanimously to approve legislation that would allow taxpayers to take a deduction on their 2009 tax return for 2010 contributions to relief efforts for Haiti earthquake victims.

Does your 2009 P&L statement contain a hidden tax deduction?

01/21/2010 - 00:54 - 1653 reads

What if there was one line on your P&L statement – a line that has a "hidden" deduction possibility - that could actually generate a significant tax advantage and put cash back into your pocket?

A life sentence for tax evasion: Elevating tax cheating to a "sacred cause"

01/21/2010 - 00:27 - 1202 reads

It's one thing to hate income tax. It's another thing to express yourself with a cache of homemade bombs, assault rifles, and deadly booby-traps.

Realistic tech organizational goals for the upcoming tax season

01/20/2010 - 00:57 - 1305 reads

The resources that a modern day accountant can utilize exist to make their lives easier and, in turn, make their customers happier. This seems like a win-win situation for all, and the best part is that the technology needed to accomplish this inexpensive and easy to use.

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