Applying the New Net Investment Tax to Trusts and Estates
Of course paying taxes wouldn’t be any fun if they weren’t always changing the rules. Here’s a run down of what you need to know when applying the New Net Investment Income Tax to Trusts and Estates from the American Institute of CPAs. Just CLICK HERE.
Is Mandatory State Sales Tax Coming To Internet Merchants?
If the Senate has its way, internet merchants will soon be required to collect state sales tax.
Click HERE to find out more from USA Today.
Albert Pera To Present at Continuing Legal Education Seminar
Scharf Pera’s own Albert Pera will be participating in a Mecklenburg County Bar Continuing Legal Education Seminar: Handling Tax Controversies In and Out of Court. The seminar will be held on Friday, April 26, 2013 from 9am – Noon at the MCB Center. Members of The Bar can earn 3.0 General CLE Credit Hours for attending. For more information and to register, click HERE.
SEC Proposes Audit For All NASDAQ Listed Companies
The SEC has proposed that every NASDAQ listed company have an internal audit function by December 31. As proposed there are no exceptions, not even JOBS Act Emerging Growth companies nor NASDAQ Capital Markets companies, both typically small companies. It can be outsourced except to external auditors but the audit committee of the board is still directly responsible, and the responsibility cannot be handed off to another committee or group of the board. Here’s the actual Notice of Filing of Proposed Rule Change to Require that Listed ... A pretty good summary is also at Nasdaq Proposes Rule Requiring Internal Audit Function at All. Of course feel free to contact us at Scharf Pera & Co., PLLC.
Filing an Extension: It’s Easier Than You Think!
The April 15th Tax Deadline is fast approaching. What if you’re not going to make it and need to file an extension? It’s easier than you think and you can even do it online. Just click HERE to learn how from the IRS
Identity Theft Leads IRS Dirty Dozen Scams!
The IRS recently issued its “Dirty Dozen” list of tax scams, highlighting fraudulent schemes commonly committed by and upon taxpayers. Consider it our annual fair warning from the IRS and highlights the most egregious schemes involving filing false returns or return items. It also gives some good advice against practices year-round that prey upon the unwary and uninformed.Read more HERE.
9 Tips For Deducting Charitable Gifts
Did you make charitable gift deductions last year? Sorry– that donation to your favorite political candidate is NOT deductible. You’ll want to check out these nine tips from the IRS to find out what is. Just click HERE.