Do you own or have signature authority on a Foreign Bank account ? FBAR filing Deadline is June 30 The Deadline for electronic filing is June 30. There is no paper filing this year. Penalties are severe for not filing or late filing. Please note you will have to use...
Stephano Slack LLC has been awarded the 'Growing Business of the Year' by the Main Line Chamber of Commerce. This award goes to the company that presents the highest percentage revenue growth during its most recently completed fiscal year. We are honored and excited...
Tax Free Rollovers further restricted ! The Bobrow Decision (TC memo. 2014-21) Many people believe you can have a tax free rollover from a retirement account once a year. Furthermore, they believe you can have as many rollovers as you have accounts. NOT TRUE...
THE IC-DISC (Interest-Charge Domestic International Sales Corporation) Background Tax incentives to exports have been a feature of the Internal Revenue Code for decades. But considered by U.S. trading partners to be export subsidies, these incentives...
May 2,2014 Why pay more Income tax than needed? Act now to save 2014 Income taxes! My sons’ grade school has a motto; “Actions not Words” How appropriate for those who want to save Income taxes in year 2014. Employees If you can...
Hello all, Today marks a big day for accounting firms across the country, the deadline for filing corporate tax returns. It’s somewhat of a big day around the office, everyone seems to have a huge burden removed knowing that the more difficult portion of busy season...
As the 3/15 deadline approaches, everyone is getting very busy having returns out of the door by the deadline. But returns don't always go as smoothly they could since not all information is available for us to prepare the returns. And in order to give extra time for...
Hello everyone, the time has come once again for my intern insight blog post. March is right around the corner and tax season is in full swing. Since my last post, my life has consisted mainly of textbooks, case studies and 1040s. Previously, I wrote about how I was...
Hello all, Much has happened in the past three weeks since my last blog. Mike Kerwin was promoted to partner and Kim Brewer became a CPA, surely great news for both. Like I said before, there are a lot of great things happening at this firm as it makes the proper...