Category Archives: Individual Tax

Some taxpayers seeking a quick refund may have to wait longer than usual this year as the Internal Revenue Service tries to stop criminals who steal others’ identities and file fraudulent returns. Read more at Bloomberg… Continue Reading

A large and growing share of American workers are tapping their retirement savings accounts for non-retirement needs, raising broad questions about the effectiveness of one of the most important savings vehicles for old age. More than one in four American workers with 401(k) and other retirement savings accounts use them to pay current expenses, new… Continue Reading

Charitable organizations frequently depend on donations from the public to pursue their mission, and, although there are many altruistic reasons people give, it is largely acknowledged that the federal tax deduction for charitable contributions is a significant incentive. Earlier this year, the Tax Court highlighted how an apparently slight oversight in documentation can upend the… Continue Reading

On Oct. 18, the IRS released its annual revenue procedure making inflation adjustments to the gift tax annual exclusion and other items for tax years beginning in 2013 (Rev. Proc. 2012-41). Read more at The Tax Adviser… Continue Reading

With a variety of tax measures scheduled to expire at the end of 2012, this advisory will focus solely on the changes impacting federal estate and gift taxes, highlighting those factors that individuals concerned about the burden of future estate tax should consider when deciding whether to take action now, so transfers can be completed… Continue Reading