Tax Law

Senators Tell -- Ahem, Ask -- IRS To Ease Up On Small Biz

A bipartisan quartet of leading Congressmen and Senators has called on the IRS to stop collecting stiff penalties from small firms investing in illegal ta...  Read more

States Eye New Taxes

Facing budget shortfalls, tax commissioners in many states are desperate for new sources of revenue. Guess where they're looking?  Read more

Survey: Owners Turning to Pros for Taxes

April 17, 2007 --  Citing the growing complexity of federal tax laws, most small-business owners are turning to accountants, lawyers...  Read more

How To Get Started [Audio]

The global economy may offer a world of new opportunities, but it also means dealing with red tape, foreign currencies, and confusing local tax laws. Wher...  Watch video

More Hidden Tax Savings

Need a new company car? Why not get Uncle Sam to help pay for it? For business owners, there are many hidden savings in the tax c...  Read more

Leveling The Playing Field: NFIB Q&A, Part II

Today's installment of my conversation with the NFIB 's Bob Graboyes ...  Read more

Business Leaders, Mayor Clash Over Taxes in Philadelphia

Jan. 18, 2006 --Despite protest from local businesses, Philadelphia Mayor John Street has pledged to veto new legislation designed to refo...  Read more

Almost a Tax Plan

The budget deficit is deadly serious. Tax reform should be too.  Read more

What to Ask Your Accountant

The right tax preparer can make all the difference. Here are four key questions to ask before tax time rolls around.  Read more

IRS to Ax Estate-Tax Cops

This is a few days old, but worth noting. The New York Times reported on Sunday ...  Read more

President Pushes Small Business Issues

Feb. 7, 2005 -- Small business issues played a central role in President Bush’s fifth State of the Union speech Wednesday night.Read more

Women Business Owners Legislative Concerns Outlined

May 17, 2005 --Affordable healthcare, tax reform, simplification of government procurement rules, and better access to capital are among t...  Read more

Audit Firm Fesses Up, Pays $456 Million for Fraud

August 30, 2005 --On Monday, KPMG agreed to pay $456 million for helping high net worth individuals set up offshore tax havens that federa...  Read more

In This Issue

This month's letter from the editor.  Read more

Expensing of Self-employed Health Insurance Costs Reconsidered

March 30, 2005 --The reintroduction of the legislation to allow self-employed workers to fully deduct their health insurance premiums for ...  Read more

UNTITLED

While global risk has become a focal point for investors, corporate malfeasance is still a hairy elephant. But if the recommendations made Thursday by the...  Read more

Structure Your Business with Tax Breaks in Mind

For self-employed workers, the question of how to structure their small business has become a bit less perplexing with the advent of the new personal-inco...  Read more

You Think You Can File an Accurate Tax Return, Do You?

When it comes to paying taxes, independent professionals should consider if they can tackle the project themselves.  Read more

Taxes: Coping with State Tax Audits

A tax expert explains how your company can avoid state audits, and which states are most likely to audit.  Read more

Resources: Tax Matters

Book reviews of three tax guides.  Read more

The Tax-Advantaged CEO

Guide to tax strategies that can help a CEO better manage his or her corporate and personal finances.  Read more

Whodunit

The Senate Finance Committee addresses some of the problems created by Section 89 of the tax code.  Read more

A Limited Success

Limited partnerships still offer an attractive source of capital for growing companies -- provided you can figure out how to sell the deal.  Read more

Tax Reform;

If your business is a partnership, S corporation, or personal-service corporation whose tax year does not coincide with the calendar year, the new tax law...  Read more

Here come the tax books. Let's hear it for private enterprise. Congress passes a new tax law, and within a few weeks every big accounting firm has rushe...  Read more

The Trouble With S Corporations

In the mad rush to switch to S-corporation status, a lot of company owners overlooked the pitfalls. Fortunately, it's not too late to switch back  Read more

The Brave New World

The 1986 Tax Reform Act has raised new questions about virtually every compensation tool a company has  Read more

Second Acts

The search for new and bigger markets often leads a company right back home  Read more

Managing Under The New Tax Law

TO JUDGE FROM SOME OF THE COMMENTS about the tax-reform package earlier this fall, you would think that Congress had proposed nothing less than the reshap...  Read more

The Great Tax-reform Brouhaha

Contrary to what you've been hearing from almost every tax expert in the country, the Tax Reform Act may yet turn out to be a bonanza for small private compa...  Read more

Loophole Of The Month;

A good loophole is getting harder to find these days, but the Tax Reform Act of 1986 has one for your Christmas stocking. It retains the exemption for "c...  Read more

S Corporations;

The Tax Reform Act may make converting to S-corporation status more attractive, but act fast, because some of the benefits will disappear at midnight on D...  Read more

Behind The Flat-tax Debate

This year's tax battle in Congress could be a dress rehearsal for 1988.  Read more

Celebrate! Grieve! Sit And Bite Your Nails! A Guide To The Reagan Tax Program

If there was ever a time to question the adage "Nothing is certain but death and taxes," now is the moment. While death still seems a good bet, no one is...  Read more

Lemme Shelter

When Internal Revenue Service commissioner Roscoe L. Egger Jr. was asked recently to name four factors that would increase the chances of a tax audit he r...  Read more

Taxing Matters

The Deficit Reduction Act of 1984 is bad news for small business.  Read more

The New Tax Law: A Checklist

A taxpayer, Ronald Reagan once said, is someone who works for the government -- but doesn't have to take a civil-service examination. Certified publ...  Read more

Qa: William Brennan On Tax Shelters

New rules for tax shelters, What to do when you sell a business  Read more

Legal Education

In "Taxing Matters" (Financial Tactics, October), the last paragraph tells readers to "write to one of the national accounting firms" if they would like m...  Read more

A Tough New Stance On Tax Shelters

Recent legislation provides the IRS with a series of enforcement tools to use against abusers of tax shelters.  Read more