Tax Law Insights
03.7.2012 | by:
Jeffrey T. Allen
Many individuals and business entities create charitable organizations to serve the needs of a specific group of persons or a specific community with a need…
02.9.2012 | by:
Jeffrey T. Allen
A landowner who donates a conservation easement to a qualifying organization can benefit from state tax incentives, in addition to the available federal income tax…
01.26.2012 | by:
Erik P. Doerring
The IRS recently announced the reopening of its successful Offshore Voluntary Disclosure Program (OVDP) effective January 9, 2012. The IRS also announced that its two…
12.16.2011 | by:
Erik P. Doerring
U.S. citizens that work or receive income from abroad are subject to U.S. income taxes on foreign income. The tax is applicable regardless of where…
11.10.2011 | by:
Erik P. Doerring
Generally, there are four methods of resolving an assessed federal tax liability: (1) full payment, (2) payment through installments under a written agreement, (3) an…
11.3.2011 | by:
Joseph D. Walker
To minimize the risk of engaging in an excess benefit transaction related to compensation paid in connection with an organization exempt from income tax under…
10.27.2011 | by:
Joseph D. Walker
Many of us have both the privilege and the responsibility of serving as a board member or as a trustee of a charitable organization. Many…
10.17.2011 | by:
Jeffrey T. Allen
South Carolina imposes various taxes and reporting requirements on purchasers transacting business in the state. A sales tax is imposed on the sale at retail…
10.7.2011 | by:
Jonathan H. Nason
On September 14, 2011, the Internal Revenue Service (the "IRS") issued Notice 2011-72, 2011-38 IRB 407 which provides guidelines on the treatment of cellular telephones…
09.29.2011 | by:
Erik P. Doerring
The IRS announced an important settlement program on September 21, 2011 where the IRS will now give many employers substantial tax relief for treating employees…
