May 4, 2012
In a move widely viewed as beneficial to taxpayers and facilitating lifetime estate planning, the Tennessee Legislature passed legislation repealing the Tennessee Gift Tax retroactively to January 1, 2012. Once this bill is signed by the Governor, the state of Connecticut will be the only state that has a state gift tax. Read More
March 23, 2012
On Wednesday, March 21, 2012, the Tennessee General Assembly moved one step closer to repealing Tennessee's inheritance tax, as the House Finance Subcommittee voted to approve House Bill 3760. Read More
March 21, 2012
Montana Senator Max Baucus, who serves as chairman of the Senate Finance Committee, recently introduced legislation including language that would drastically alter treatment of inherited IRAs for taxation and estate planning purposes. Read More
Feb. 9, 2012
A new question now appears on Schedule C and Schedule E of Form 1040, as well as Forms 1120, 1120S and 1065. The questions are as follows:
1. Did you make any payments in 2011 that require you to file Form(s) 1099?2. If "Yes", did or will you file all required Forms 1099? Read More
May 6, 2011
Although many have characterized the IRS's changes to the 2010 Form 990 as merely cosmetic, Form 990 filers need to be aware of key changes as they prepare to file their returns. We have highlighted several significant changes. Read More