Court: No Pay for Employees Monitoring Electronic Devices during Lunch

A federal district court recently sided with an employer in a dispute regarding whether employees had to be compensated for on-call time, activities before and

Repossessing Investment Property Sold in a Seller-Financed Deal

Let’s say you sold investment real estate in a seller-financed installment sale transaction. Later, you’re forced to repossess the property because the buyer fails to meet his payment obligations. What are the federal income tax consequences of the repossession? This article will provide the answer.

Be on “High Alert” for Scams from Those Claiming to be from the IRS

The Treasury Inspector General for Tax Administration (TIGTA) urges taxpayers to be on “high alert” about IRS employee impersonators. According to TIGTA, since October 2013, thieves have stolen millions of dollars from taxpayers believing the fraudulent calls saying that they owed the government money and cash needed to be sent immediately.

Business Valuation Approaches As Easy As 1, 2, 3…

How would you value a business? The three approaches appraisers use to value a business are essentially a matter of common sense. You start with

Keep Family Disputes from Sinking Family Finances

Intergenerational squabbles don’t just make for tense holidays. Failures of trust and communication can put family wealth into jeopardy.

Love In The 21st Century: Bad Breakup Leads To Form 1099, Lawsuit

As the town of Springfield’s resident oligarch, C. Montgomery Burns earned the ire of the townspeople through any number of misdeeds, including blocking out the sun, having the Rolling Stones killed, and stealing Christmas from 1981 through 1985.

IRS Raises Tangible Property Expensing Threshold

As 2015 winds down, it’s a good idea to budget for your 2015 personal income tax bill, in the event that you’ll owe the IRS money. Taxpayers who review their situations before year end have many more tax-reduction strategies at their disposal than those who wait until after the start of the tax filing season.

CFO Survey: Weak Business Spending Forecast; Employment Growth Continues – Duke’s Fuqua School of Business

Income Taxes Illustrated

Today, the individual income tax is the single most important source of federal revenue, but it wasn’t always that way.

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