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The Whitlock Company News Update              
August 4, 2011
Community Banking

Community BankingWhat I Learned at the 2011 FMS Conference

 

The keynote speaker, Louis Hernandez, Jr. was the highlight of the forum. Louis is an advocate for community banks and author of Too Small to Fail. His presentation focused on how the global economy is changing and how banks can prepare for the future. Read more...

Taxes

Services-TaxFederal Debt Limit Talks Move Major Tax Proposals up for Consideration

 

The federal debt limit negotiations that preoccupied Washington for most of July did not result in immediate tax legislation. The general debate jumpstarted a serious discussion over taxes that now has the momentum to continue. Tax increases, rate hikes, rate reductions and general tax reform are now all on the table. Read more...

Taxes

Services-TaxIRS to Discontinue High-Low Method for Substantiating Travel Expenses

 

The IRS has announced that it will discontinue the high-low method used by taxpayers in a trade or business to substantiate travel expenses incurred while away from home. The method, developed by the IRS, applies to travel expenses for meals, lodging and incidental expenses. Read more...

Taxes

Services-TaxHow Do I Qualify for the Residential Energy Property Tax Credit in 2011?

 

In recent years, Congress has used the Tax Code to encourage individuals to make energy-efficient improvements to their homes. The credit is very popular. The Treasury Department estimates that more than 6.8 million individuals claimed over $5.8 billion in residential energy tax credits in 2009. Read more... 

Taxes

Services-TaxIRS Abandons Two-Year Limitations Period for Equitable Innocent Spouse Relief

 

The IRS has abandoned its controversial regulations that imposed a two-year statute of limitations period for taxpayers to request equitable innocent spouse relief under Code Sec. 6015(f). Instead, taxpayers can request relief within the applicable statute of limitations period. Read more...

Media and Resources
The Media and Resources page on our website includes Whitlock Resources that provide links to:

Info Center-Includes tax event calendar, tax forms library and IRS Tax Publications library

Financial Tools-Includes various financial planning tools, calculators and spreadsheets

Newsletter-Additional tax articles and analysis

Archives - Read more from past newsletters


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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.

About Us
Small logoThe Whitlock Company is a full-service CPA firm offering a range of professional tax, audit, accounting and managment advisory services to the following industries:Community Banking, Manufacturing and Distribution, Not-For-Profits, Higher Education and more. For more information, please contact us.

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