Alerts
3 Percent Withholding Successfully Repealed
November 28, 2011After years of objections by industry, a law that would have withheld 3 percent of government payments to contractors for taxes was repealed by Congress Wednesday, November 16, 2011Â and is heading to President Barack Obama for… View
IRS Announces Voluntary Classification Settlement Program
October 28, 2011The IRS has announced a new program that allows eligible employers to voluntarily reclassify workers as employees, rather than independent contractors, for future tax periods. In exchange, the employers’ liability for past payroll… View
IRS Provides Tax Relief to Victims of Hurricane Irene
September 28, 2011The Internal Revenue Service issued a news release yesterday regarding its intention to provide tax relief to individual and business taxpayers impacted by Hurricane Irene. Certain taxpayers in New Jersey, New York, North Carolina,… View
Estate and Gift Tax Changes in the 2010 Tax Relief Act
February 15, 2011The recently enacted 2010 Tax Relief Act made significant changes to estate and gift taxes. Before the new law, there was no estate tax for 2010, but some beneficiaries could have faced higher taxes because there were less favorable… View