The Home
Office Pitfall - (April, 2003) When the IRS relaxed the rules on home office deductions, many CPAs across
the country were inundated with phone calls from clients anxious to "cash
in" on their new tax break. However, after careful consideration,
many of them decided that the "downside" of taking the deduction
outweighed the benefit.
Your Risk Of An
Audit
- (February, 2003) The IRS is increasingly coming under fire
for lowering the number of audits they are performing. Audits of wealthy individuals are
down to only half the level of 1992. Total corporate audits are decreasing as well and the
total number of experienced auditors is down significantly from prior years.
2002 Tax Act -
(April, 2002) On March 9th of 2002, the "Job
Creation and Worker Assistance Act" was signed into law by
President Bush. The new law doesn't contain many benefits for
individual taxpayers, but it does include a 13 week extension of
unemployment benefits and some relief measures aimed at businesses.
Our Summary
Of The Tax Relief Act -
(June, 2001) The new 2001 Tax Relief Reconciliation Act has 85
new provisions, 441 codes changes and 291 pages of text. We will
probably spend the next several months reviewing and presenting its
many new provisions in more detail, but we can already summarize the
major aspects of the bill here so that you can begin some early
planning.
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