Steven G. Horn

New Law Changes Business Tax Filing Deadlines

“Highway Bill” changes filing dates for partnerships, C Corporations and foreign bank account reports (FinCEN 114); also affects Estate returns and mortgage statements. On Friday, July 31st, President Obama signed the “Highway Bill” (H.R. 3236) into law. While the purpose of the law is to provide an extension of... Read more

2015 Briefing on Supreme Court Rulings

There were two important Supreme Court rulings that were handed down the other day with tax ramifications, discussed below: Same-Sex Marriage In 2013, the Supreme Court ruled that same-sex couples had a constitutional right to marry, but that ruling was only applicable for federal purposes. States were not required... Read more

2014 Year End Tax Planning Briefing

We have as much certainty in year-end tax planning as we did this time last year. Congress just passed the “Extender Bill” (discussed below) but only for the short-term, retroactive to January 1, 2014 through December 31, 2014. We go into 2015 not knowing whether these provisions along with... Read more

Beware of IRS-imposter Phone Scams

Tax accountants aren’t immune to IRS scams. The other day I got a voice mail message from someone posing as an IRS agent. In a very aggressive tone, the caller said that I owed taxes (I don’t) and if I didn’t return his call immediately, police would come to... Read more

How the Final Repair and Capitalization Regulations Will Impact You

The IRS recently released final repair and capitalization regulations that will affect all taxpayers that acquire, produce or improve tangible property; i.e. just about everyone.  For some industries, such as manufacturing, retail, hospitality and utilities, these new regulations are especially relevant.  Planning for changes now—even making some in 2013—may... Read more