Tax Alerts

Tax Briefing(s)

Middle Class Tax Relief and Job Creation Act of 2012

2011 Tax Year In Review

CA - Third 15-day notice issued for regulation on sales of other than tangible property
The California Franchise Tax Board (FTB) has issued a third 15-day notice for a proposed California corporation franchise and income tax regulation (Reg. 25136-2) addressing the ma...

CO - Interlocutory review granted in conservation easement credit case
For corporate and personal income tax purposes, the Colorado Court of Appeals has granted the Colorado Department of Revenue's petition for interlocutory review in a case involving...

CT - New debit card information issued
The Connecticut Department of Revenue Services (DRS) has provided additional information about the use of debit cards for personal income tax refunds. The DRS noted that several st...

DE - Governor proposes credit for hiring veterans
Delaware Gov. Jack Markell proposed to expand tax credits to Delaware businesses that hire veterans in his 2012 State of the State address. The governor made no additional tax prop...

FL - Bonus depreciation, IRC §179 emergency rule adopted
The Florida Department of Revenue has issued an emergency rule, which replaces a similar expired rule, regarding additions and subtractions required to compute the corporate income...

GA - Limited liability company entitled to attorney fees
A trial court erred in setting aside a judgment awarding a limited liability company attorney fees arising in connection with a local Georgia ad valorem property tax assessment mad...

IL - Governor proposes 2012 tax cut, credits
In his 2012 State of the State address, Illinois Gov. Pat Quinn announced three tax proposals for 2012 involving corporate and personal income tax and the natural gas utility gas tax. Initially, th...

IN - Acquired company filed returns late
A taxpayer, acquired by a second corporation, that did not file its Indiana corporate tax returns or remit estimated tax payments until the second corporation filed its consolidate...

IA - Equity investment credit updated
The Iowa Department of Revenue has adopted a number of new rules and amendments to regulations relating to the investment tax credit for equity investments in a qualifying business...

MD - Combined reporting legislation introduced
A bill has been introduced in the Maryland House of Delegates that would require mandatory unitary combined reporting for corporate income tax under certain circumstances. If enact...

MA - Conference bridging service taxable
Conference bridging service sold to Massachusetts customers by an out-of-state taxpayer is subject to Massachusetts sales and use tax because it falls within the broad definition o...

NH - Filing deadline extended to April 17
The New Hampshire Department of Revenue Administration has announced that in 2012, the state will recognize the Washington, D.C., holiday Emancipation Day, which will be celebrated...

NJ - Information provided on revised UEZ refund filing procedures
The New Jersey Division of Taxation has issued a revised sales and use tax notice informing taxpayers that as a result of previously enacted legislation that became effective April...

NY - Changes enacted in extraordinary Legislative session summarized
The New York Department of Taxation and Finance has issued summaries of the corporate franchise and personal income tax changes enacted by Ch. 56, Laws 2011, during the extraordina...

NC - Over 8,000 taxpayers sign up for DOR’s debt payment program
More than 8,000 taxpayers have signed up for the North Carolina Department of Revenue's Individual Income Tax Debt Payment Program that was unveiled in January 2012. Under the prog...

OH - Amnesty program explained
The city of Akron, Ohio, is offering businesses an income tax amnesty program that will run from March 5, 2012, through May 4, 2012, and apply to net profit taxes and wage taxes. A...

PA - Bill would create intangible expense addback, implement single sales factor
Legislation introduced in the Pennsylvania House of Representatives would create a corporate income tax addback for intangible expenses and would implement a single sales factor be...

SC - Use tax reminder issued
The South Carolina Department of Revenue has reminded taxpayers that use tax should be remitted on items purchased from out-of-state vendors or from online retailers for use within...

TX - Surgical instruments designed for orthopedic procedures exempt
Surgical instruments purchased outside Texas and loaned to health care providers in Texas for use in specific orthopedic procedures were qualified for exemption from Texas use tax ...

VA - IRC conformity legislation enacted
For personal income and corporate income tax purposes, Virginia has advanced the Internal Revenue Code (IRC) conformity date from December 31, 2010, to December 31, 2011. Therefore...

WA - Exemption study released
The Washington Department of Revenue has released the 2012 edition of its compilation of tax exemptions, credits and preferential tax rates, including those relating to sales and u...

• MOBILE LIFESTYLE

We pride ourselves in assisting people with mobile lifestyles and keeping up with today’s demanding pace.  Scanning, email and fax and overnight delivery service allow us to fully service clients making face to face meetings a thing of the past.  We have the ability to e-file federal and state tax returns in al 50 states.  We can provide tax return copies electronically for your future needs in a “pdf” format to complete our “circle of service”.

• IRS EXPERIENCE

Former Internal Revenue Agent   Trained and worked for the Internal Revenue Service in the Southern Illinois District.  This experience gives a “hands on” approach on how to properly apply the tax code.  With our knowledge of the IRS and its procedures we can communicate on behalf of our clients to relieve their concerns and finalize the situation with reasonable results.

• TAKING OWNERSHIP

We complete every tax return as if we were preparing our own.  Each tax return is given individualized attention and we look to every tax situation to succeed in providing the client the best possible year-end result.

• NOT BY THE HOUR

Tax returns are billed with set pricing encouraging our clients to interact with us to fact find for the best possible tax results. . “set pricing” eliminates “clock watching”.

• CLIENT TAX ORGANIZER

Need a Client Tax Organizer?  Go to the Information Center and in the 2^nd paragraph you will see the Client Tax Organizer available to complete or print.