WithumSmith+Brown's The Journal
Winter Tax Issue

Feature Story:
The High Cost of Noncompliance
Congressional aversion to raising taxes in today’s continuing difficult economy is abundantly clear. The Internal Revenue Service (IRS) is left in the position of trying to increase revenue for a government badly in need of funding without a corresponding increase in tax rates. Pressure is even higher on the 7,645 state and local tax authorities.READ MORE

New Baby Tax Benefits
When you shop for a gift for a baby, consider a custodial account, tuition savings plan, a trust or other gifting strategy designed to help the families of newborns minimize taxes.

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Real Estate Professionals: The IRS Simplifies Available Relief
For individuals with investments in real estate, qualifications as a real estate professional can result in favorable tax consequences.

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Can't Sell and Want to Rent: What are the Tax Rules Again?
With the current instability in the U.S. housing market, many potential sellers are renting their homes. Accordingly, there are several tax rules to be aware of if renting. As with many areas of tax law, knowing and understanding the general rules are equally as important as knowing the exceptions to them.

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Eisner llp Merges with WS+B
EisnerLubin llp, a NYC-based CPA firm, has merged its practice with WS+B. The union adds 55 professionals to the WS+B roster, including nine partners. The EisnerLubin staff currently based in the office located at 1411 Broadway between 39th and 40th Streets will remain at that location, under the WS+B name.

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