Tax Alerts

The recent Equifax data breach has affected up to 143 million people, according to Equifax. Consumers in the United States, Canada, and the United Kingdom have had their names, credit card information, birth dates, driver’s license numbers, and social security numbers exposed. The breach occurred during the summer of 2017, and was reported to the public on September […]

Parents incur a variety of expenses associated with children. As a general rule, personal expenditures are not deductible. However, there are several deductions and credits that help defray some of the costs associated with raising children, including some costs related to education. Some of the most common deductions and credits related to minors are the dependency exemption, […]

Two recent court cases indicate that, although use of a conservation easement to gain a charitable deduction must continue to be arranged with care, some flexibility in determining ultimate deductibility may be beginning to be easier to come by. The IRS had been winning a string of cases that affirmed its strict interpretation of Internal Revenue Code (IRC) […]

U.S. Citizenship and Immigration Services (USCIS) released a new version of Form I-9, Employment Eligibility Verification (Form I-9 07/17/17 N) that must be used beginning on September 18, 2017. The November 14, 2016 version of Form I-9 was revised to include acceptable documents for beneficiaries under a rule proposed by the Obama administration called the […]

A partnership is created when persons join together with the intent to conduct  unincorporated venture and share profits. Intent is determined from facts and circumstances, including the division of profits and losses, the ownership of capital, the conduct of parties, and whether a written agreement exists. Despite such nuances in the process, however, distinguishing the […]