Taxpayers can fix mistakes or omissions on their tax return by filing an amended tax return. Those who need to amend will find the following tips helpful.
Six months after issuing controversial proposed regulations under Sec. 385 that would recharacterize certain transactions between related parties that are ostensibly debt as equity—curbing the practice of “earnings stripping”—the IRS issued final and temporary regulations (T.D. 9790) that expand on and modify the proposed rules.
Please join us in welcoming the newest member of the RotenbergMeril family
Thomas Butler, JD, CPA, joined RotenbergMeril as a Tax Director in the New York City office, on Monday, September 19th. Tom has over 30 years of tax experience gained with public accounting firms and in the private industry sector. He has provided tax expertise related to various industries such as manufacturing and distribution, technology, financial services and real estate, among others. His work encompassed consolidations, mergers and acquisitions, pass-thru entities, transactional tax planning and review of and calculation of corporate tax provisions. Previously, Tom served as the lead Tax Partner in various regional and international accounting firms.
Tom is an Adjunct Assistant Professor of Accounting and Taxation at Frank G. Zarb Graduate School of Business at Hofstra University.
In addition to being a licensed New York CPA, Tom is a licensed New York attorney. Tom received his Accounting degree from New York University, Stern Graduate School of Business. He obtained his JD from Albany Law School of Union University. Tom resides in Garden City, New York.
Les Solomon, CPA/ABV/CFF, ASA to speak at the New Jersey Society of CPAs (NJCPA) Business Valuation & Litigation Services Conference.
Tuesday, September 27, 2016
Pines Manor, Edison NJ
RotenbergMerill Partner, Les Solmon will be speaking as part of the “Ask The Experts” Discussion Panel. This is an interactive session that will touch on issues facing CPAs working in New Jersey today.
Experts in the fields of valuation, litigation support, providing expert witness testimony, and family law matters, will present issues from multiple perspectives. Attendees can submit their own questions for discussion.
For more information and to register for the conference, go to:
The Internal Revenue Service’s Office of Appeals has improved its compliance within its Collection Due Process program, although some taxpayers are still misclassified and receive the wrong type of hearing, according to a new report.
Inflation-adjusted tax brackets are anticipated to go up a bit next year, according to a pair of new reports, but that could reduce the tax burden for many taxpayers.