Category Archives: Featured Articles

Small Business Jobs Act Provides Tax Benefits

The Small Business Jobs Act of 2010 (the “Act”) was signed by President Obama on September 27, 2010.  While the centerpiece of the legislation is a $30 billion lending facility to encourage regional banks to lend funds to small businesses, the Act also provides about $12 billion of tax benefits targeted at small business.  Small […]

American Recovery and Reinvestment Act of 2009

THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 Summary of Selected Tax Provisions by Marilyn Barrett and David Graff The recent Stimulus Bill provided for a number of tax breaks for US taxpayers, including tax incentives for business,  renewable energy  incentives, and individual taxpayer relief. Marilyn summarizes those provisions here. Read Full Article Here

Congressional Dysfunction and Its Impact on Taxpayers

Congressional dysfunction is not limited to financial oversight, immigration, energy policy, or health care.   It is also abundant in tax policy.    Taxpayers are currently facing major challenges in tax planning and so far there is little evidence that Congress will timely resolve them.   Read full article here.

Making a Big Gift To Charity? To Protect Your Deduction It Is Imperative That You Strictly Adhere to IRS Rules

Most people feel really great when they donate to charity. But, let’s be honest, the accompanying tax deduction makes the gift even sweeter. To insure that you get the tax deduction, recent cases show that the IRS is now demanding strict (and I meanstrict) compliance with its rules on substantiating charitable contributions and the courts […]

Roundup of 2015 Federal Tax Law Changes

Congress enacted a number of federal tax law changes at the end of 2015 which affect individual and taxpayers. I will summarize the tax changes I think will be of greatest interest to you. This summary is not an exhaustive review of all 2015 legislation that affected taxes and you should consult your own tax […]

California Laws on Human Trafficking & Dogooder Corps

California has enacted laws that require large manufacturers and retailers to disclose what efforts they make to ferret out human trafficking in their supply chain.  California has also enacted new  laws to form for-profit corporations that also have a social mission.   For more information see  New California Laws on Human Trafficking and Dogooder Corporations.

Charitable Donations for Haiti Relief Deductible for 2009

Congress has enacted a law that permits taxpayers to deduct contributions to qualified charitable organizations providing earthquake relief in Haiti on either their 2009 return instead of their 2010 return if certain conditions are met.   Read Full Article Here

NOL Carrybacks

CONGRESS ENACTS EXPANDED NOL CARRYBACKS The Worker, Homeownership, and Business Assistance Act of 2009 (“Worker Act”) allows taxpayers to elect to carry back net operating losses (NOLs) incurred in tax years ending after December 31, 2007 and beginning before January 1, 2010 (or, for calendar year taxpayers, 2008 or 2009) for either 3, 4 or […]

California Enacts Punitive New Penalties On Employers

The California legislature recently enacted SB 495, which imposes substantial and punitive penalties  – both financial and scarlet letter public disclosures – on employers who willfully misclassify workers as independent contractors.  This law makes treating workers as independent contractors much more perilous.   The new law is described in  California Adopts Substantial New Penalties For Employers Who […]

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