Articles: 1-10 of 11
Compromising the Offer in Compromise: IRS Reduces Limits on Allowable Living Expenses
USA - April 22 2016 The Internal Revenue Service ("IRS") recently published updated figures, reducing allowable expenses used in determining whether they will accept a…
Damage Waiver Fees are Subject to South Carolina Sales Tax
USA - April 13 2016 On March 30, 2016 the South Carolina Administrative Law Court (ALC) issued an order which determined that proceeds from the sale of damage waivers…
IRA Owner’s Guaranty of a Loan to an IRA-Owned Company Results in Taxable Income to the Owner
USA - April 13 2016 On March 29, 2016, the United States Tax Court released another case illustrating the hazards associated with investing individual retirement account…
U.S. Passport Denial or Revocation Where Taxes are Owed to the IRS
USA - April 4 2016 Beginning December 4, 2015, if you owe significant taxes to the IRS, the U.S. State Department now has the authority to deny or even revoke your...
Wait a Minute: Congress Passes Law Requiring Consistent Basis Reporting Between Estates and Beneficiaries for Estate Tax Purposes
USA - March 30 2016 On July 31, 2015, President Obama signed into law H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the…
South Carolina Economic Development Incentives: Job Development Credit
USA - March 23 2016 South Carolina offers many statutory and discretionary incentives to promote capital investment and job creation in our state. The Job Development…
McNair Tax Alert
USA - March 17 2016 With the IRS in the middle of tax return filing season, scammers are again calling people, impersonating IRS agents, and seeking everything from…
South Carolina Property Tax Returns for Manufacturers
USA - March 15 2016 South Carolina manufacturers are required to file an annual property tax return, Form PT-300, Property Return. The PT-300 must be filed with the…
Allocation and Apportionment of Investment Income: Getting Your Fact(or)s Straight
USA - March 4 2016 The South Carolina Supreme Court recently ruled against Duke Energy Corporation (“Duke”) in Duke’s claim for a $126 million state…
Required Minimum Distributions: Is The Approaching April 1 Your Deadline?
USA - March 4 2016 Most people are familiar with the significant income tax benefits of contributing to a qualified retirement plan such as a 401(k) plan, or an…
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