Flying South for the Winter: Canadian Senior Citizens Could Soon Enjoy More Fun in the Sun Matthew Walsh WithumSmith+Brown Princeton, NJ Current U.S. tax law allows thousands of Canadians age 55 and older to move into the United States without a visa or a tax filing requirement for a period of up to…
Holidays Around the World Nicole DeRosa, CPA, MAcc Tax Supervisor New Brunswick, NJ Check out the below table to learn what holidays people are celebrating around the world in July! Previous Post Next Post
Unrelated Business Income and Internal Revenue Code §513 3rd in a Series This tax tip is the third in a series of tax tips on unrelated business income (“UBI”) and addresses terms associated with UBI including (1) trade or business, (2) regularly carried on and (3) substantially related as they relate to rules and regulations…
FIRM ROTATION – ‘NO, NO! NOT IN MY HOUSE!’ In January , my blog titled “Audit Firm Rotation?” discussed the Public Company Accounting Oversight Board’s (PCAOB) highly debated concept release, proposing mandatory firm rotation as a way to improve auditor independence. The proposal would have required publicly registered companies to switch audit firms after years…
Final Regulations Issued Affecting New York State-Funded Service Providers States are now beginning to take more of an interest in tax-exempt organization compliance, as evidenced by New York Governor Cuomo’s “Executive Order 38, Limits on State-Funded Administrative Costs & Executive Compensation” (“Executive Order”). BACKGROUND State Government in New York has issued the Final Regulations (“Final…
THINK “THE OPPOSITE” ABOUT FUNDING THE FEDERAL GOVERNMENT Until the Mexico Olympics of 1968, high jumpers faced the bar, and the record stood at 5′ 8″. Dick Fosbury turned his back on it and leapt 7′ 4″, by thinking the opposite of everyone else. He literally ‘turned his back’ and instead of jumping over the…
Flying South for the Winter: Canadian Senior Citizens Could Soon Enjoy More Fun in the Sun Current U.S. tax law allows thousands of Canadian senior citizensage 55 and older to move into the United States without a visa or a tax filing requirement for a period of up to 182 days. Dubbed Canadian “Snowbirds,” these…
Volume, Liquidity . . . and Taxes? I recently spoke at the annual Tax Day hosted by the Committee of Banking Institutions on Taxation (the “CBIT”). Prior to my presentation there was a panel that analyzed one of the discussion drafts released this year by Rep. David Camp, Chairman of the House Ways and Means…
Corporate Tax Reform on the Horizon? Through its various offshore structures, transactions and other arrangements, the technology giant, Apple, has been accused of dodging billions in taxes. In a 40-page memorandum released last month, the Senate Permanent Subcommittee on Investigations identified three subsidiaries that have no tax residency in Ireland where they are incorporated, or…
Final Regulations Issued For HIPAA Wellness Programs Under the Affordable Care Act The Internal Revenue Service, on June 3rd, released final regulations with respect to nondiscriminatory wellness programs in group health coverage. The final regulations will be effective on August 2, 2013 and will be applicable for plan years beginning on or after January 1,…