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We are pleased to announce today that Jinyu Chen and Melissa Rowe have joined the firm. We welcome both women and look forward to their contributions to the firm’s success. Jinyu graduated from Purdue University with her Masters in May 2017. Melissa completed her bachelor’s degree in 2015 and is currently working on her Masters. […]
As Americans finish yet another tax filing season, let’s take a look at the 104-year history of the income tax: In 1913 the top marginal income tax bracket was 7% — today it is 39.6%. In 1913 the marginal income tax bracket range was 1% – 7%. Today the range is 10% – 39.6%. In […]
IRS has issued some tips regarding taxpayer phone calls to IRS, including what information callers need to be able to provide to IRS call center assistors to validate their identity. Noting that mid-February marks the agency’s busiest time of the year for telephone calls, IRS has passed along the following tips regarding phone calls: Validating […]
The Senate on December 7 passed, by a 94-5 vote, H.R. 34, the “21st Century Cures Act” (the Act) which was passed by the House of Representatives on November 30 by a 392-26 margin. The Act covers a wide-ranging group of nontax health subjects and also includes a provision exempting small employer health reimbursement […]
The U.S. House of Representatives passed H.R. 2315, the Mobile Workforce State Income Tax Simplification Act of 2015, on September 21. The American Institute of CPAs (AICPA) and the state CPA societies are strong supporters of the bill and have long fought for its enactment into law as an equitable solution to the myriad of […]