Our Thoughts On Archive

New Rules Proposed for Substantiating Charitable Contributions

UPDATE to proposed treasury regulations. Currently, to claim a tax deduction for a charitable contribution, a taxpayer must obtain a contemporaneous written

The Clock is Ticking - Social Security Claiming Strategies Are Phasing Out

The shocking, big story from last week was from the U. S. Capitol. As Congress hammered out a budget deal to avoid another government shutdown, they turned

Oil and Gas Investor Subject to Self-Employment Tax for Fractional Working Interest Ownership

A recent court case, Methin v. Commissioner, T.C. Memo 2015-81, ruled that an investor’s small (at times 5% or less) share of a working interest

Nonprofit Organizations are Eagerly Awaiting the Pennsylvania State Budget

On June 30, 2015, just one day before the start of Pennsylvania’s 2015 – 2016 fiscal year, the state House and state Senate passed a $30.2