Termination of a Partnership
Because partnerships have many different features from corporations, a question is frequently asked concerning partnerships: when do they officially end? While corporations theoretically have [...]
Payroll Tax Cut Extended to the End of 2012 and Revised Form 941
On February 23, 2012, the Internal Revenue Service released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting nearly 160 [...]
IRS Power to Reallocate Income, Deductions, and Other Items under IRC Section 482
Some taxpayers may be tempted, especially in situations involving related parties, to arbitrarily shift the source of income or allocation of deductions, in order [...]
Minnesota Department of Revenue Launches New e-Services System
On October 3, 2011, the Minnesota Department of Revenue announced the launch of its new e-Services online system. This new system is replacing e-File [...]
IRS Issues Guidance on Tax Treatment of Cell Phones
On September 14, 2011, the Internal Revenue Service issued guidance designed to clarify the tax treatment of employer-provided cell phones. The guidance relates to [...]