Articles

The Fraud Diamond: Considering the Four Elements of Fraud
Editor’s Note: The following article by David T. Wolfe and Dana R. Hermanson was originally published in the December 2004 CPA Journal and appeared online
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How Capital Gains Are Taxed And How That Might Change
Capital gains taxes are the price of making a good investment. They’re levied on profitable stock trades and real estate deals and can also apply
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Tax Deadline Extensions Give More Time, But Not Much Else, Advisors Say
Clients who extended the deadline to file a federal tax return to October 15 might feel that they’ve got forever to get their taxes done,
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How to Stay Ahead of a Cybersecurity Breach with the Right Resilience Strategy
Today, cybercriminals are developing ever more sophisticated ransomware tactics, social engineering scams, and brute force attacks on organizations’ operations and their data. The same advancements
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How Do You Keep Businesses In Families In Changing Times?
Many business owners want to keep their family business within their families. But demographics and generational issues are making that tougher. Companies are often heirless,
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The Employee Retention Credit
Background The ERC was initially enacted in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide eligible employers
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How Clients Can Whittle Down Medicare's IRMAA
Clients nearing Medicare age should know about IRMAA (Income-Related Monthly Adjusted Amount), inflation-adjusted surcharges on parts B and D of Medicare. IRMAA surcharges—which first appeared
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$1B in 2020 tax refunds remains unclaimed
The Internal Revenue Service said Monday that over $1 billion in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, but time is running
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IRS encounters Form 1065 processing glitches
The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and
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Stay tax compliant across multistate operations
State and local taxes are arguably the most complex part of the tax system in the U.S., and for businesses that operate across state lines,
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IRS warns of money mule networks
The Internal Revenue Service's Criminal Investigation unit issued a warning Tuesday about the use of "money mule networks," criminals who exploit networks of innocent people
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IRS delays Form 1042 e-file requirement
The Internal Revenue Service issued a notice Tuesday granting an administrative exemption from the electronic filing requirements for Form 1042, Annual Withholding Tax Return for
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