Tax Reform Debate Heats Up As Deficit Grows

The growing U.S. deficit and the increasing attention being paid to it by financial markets is creating what many see as the "perfect storm" that will drive the debate over tax reform. Whether "tax reform" will include tax increases -and whether "tax simplification" will include a flattening of existing tax rates are questions that will soon be raised as Congress starts a tough fight over the FY 2012 federal budget. Read more... 

FAQ: What is a Limited Liability Company?

A limited liability company (LLC) is a business entity created under state law. Every state and the District of Columbia have LLC statutes that govern the formation and operation of LLCs. The main advantage of an LLC is that in general its members are not personally liable for the debts of the business. Read more... 

Scope of Information Reporting Continues to Expand

Information reporting continues to expand as Congress seeks to close the tax gap: the estimated $350 billion difference between what taxpayers owe and what they pay. Despite the recent rollback of expanded information reporting for business payments and rental property expense payments, the trend is for more - not less - information reporting of various transactions to the IRS. Read more... 

Next Year's Tax Return Starts with Good Recordkeeping  

Construction at our building
Please note our building is currently under construction. You will find 'customer only' parking spots on the south side of our lot and continue to use the south or east entrance. Let us know if you encounter any problems.