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Federal Taxation

  • Social Security Strategies

    By:
    Daniel Mazzola, CPA, CFA
    |
    Feb 1, 2016
    The Social Security Act, was signed into law in 1935, was designed to provide adequate financial assistance to the elderly, the poor, the unemployed, the widowed, and fatherless children.  
  • The Crowdfunding Craze: A Primer for Tax Professionals

    By:
    Sean Mathey, Esq.
    |
    Dec 1, 2015
    The popularity of Internet crowdfunding has exploded in recent years.  As individuals and businesses turn increasingly to this alternative form of financing, the regulatory response has been outpaced, leaving tax and legal advisors on uneven ground regarding client counsel.  
  • Retirement Plans: An Overlooked Benefit for Business Owners
    Higher Contributions and Greater Flexibility

    By:
    Kenneth A. Horowitz, CLU, ChFc
    |
    Dec 1, 2015
    Many CPAs ask if companies are still sponsoring defined benefit plans.  They are usually surprised by how the current pension rules are “business-owner friendly.”  
  • IRS Proposes Implementing a Donee Report Form

    By:
    John Vazzana, CPA, CGMA
    |
    Dec 1, 2015

    The Omnibus Budget Reconciliation Act of 1993 (“OBRA93”) contained two major provisions affecting charities and their donors by introducing the "substantiation" and "disclosure" requirements.

  • Abandoned Property: The Silent Liability

    By:
    Joseph Endres
    |
    Nov 1, 2015
    Winter is right around the corner. For businesses holding abandoned property on their books (and virtually every operating entity holds abandoned property, whether it knows it or not), that means it’s time to start preparing the annual abandoned property return.  
  • Combat Pay and Related Benefits for Military Personnel

    By:
    Daniel G. Mazzola, CFA, CPA
    |
    Sep 1, 2015

    As a gesture of gratitude to the members of our armed forces engaged in combat overseas, the U.S. federal government has granted these dutiful men and women an exemption from federal income tax on their regular compensation, instituted bonus pay packages, and established special savings programs.  

     

  • International Tax and Withholding Issues for Entertainers and Athletes

    By:
    Carola Knoll, CPA
    |
    Aug 1, 2015

    Entertainers and athletes that come into the United States to perform are subject to U.S. taxation at the federal level, and possibly at the state and local levels as well. This article will highlight various federal U.S. tax compliance issues they could face.

 

 
Views expressed in articles published in Tax Stringer are the authors' only and are not to be attributed to the publication, its editors, the NYSSCPA or FAE, or their directors, officers, or employees, unless expressly so stated. Articles contain information believed by the authors to be accurate, but the publisher, editors and authors are not engaged in redering legal, accounting or other professional services. If specific professional advice or assistance is required, the services of a competent professional should be sought.