The IRS announced Tuesday, May 26, 2015 that criminals used taxpayer data acquired from non-IRS sources to gain access to information through the IRS’ “Get Transcript” application. This data included Social Security information, date of birth and street address.
The greatest spectacle in racing will occur in Indiana this weekend. We pray for safety and enjoyment for all of the auto drivers, crew members and racing fans. Indianapolis will welcome over 400,000 spectators to the largest single-day sporting
The U.S. Supreme Court ruled that Maryland’s personal income tax scheme is Unconstitutional, and we see an opportunity to file refund claims for open years in the state of Indiana. In a 5-4 decision, the U.S. Supreme Court has
Ohio CAT Tax and the Bright-Line Presence Standard: The Ohio Board of Tax Appeals recently upheld the “bright-line presence” nexus standard with regard to the Commercial Activity Tax (CAT). In two similar cases, retailers (Newegg, Inc. and Crutchfield, Inc.) with
A Personal Perspective from Somerset’s Nick Netherton Ever met the mom or dad who says, “Man, raising kids is so expensive and so exhausting?” I think we all can agree the time, effort and money of raising children can
Cleveland, Ohio lost a case against Jeff Saturday and, in another related case, to a Chicago Bears linebacker. Jeff Saturday was hurt and going through physical therapy in Indianapolis during a Colts/Browns game in 2008. While he was watching
Spring is the time when flowers and grass grow, but how about your business? Many states and localities offer tax credits and incentives to encourage economic development. Oftentimes, a business can overlook tax credit opportunities because management is too busy
Just announced yesterday! For our clients who have been asking questions about the new revenue recognition standards, the effective date has been pushed back one year for both public and private companies. More information is to come as this
THE IMPACT OF SOCIAL SECURITY NUMBERS ON EMPLOYEE BENEFIT PLANS Social Security numbers (SSNs) in employee benefit plans (EBP) are a topic of growing concern for multiple reasons. Employee benefit plans are faced with SSNs that belong to individuals
As we enter a new year, and wrap up 2014 tax season, it is always good to get out in front of tax issues. Two strategies that small businesses can take to save some heartache at the end of
Did you know that you can quickly and easily check the status of your tax return and refund? Head over to the IRS’s website to check the status of your return. You will need to provide your social security number, filing
The IRS announced that taxpayers who filed a tax return using an incorrect Form 1095-A are not required to, but may, file an amended return. As reported on Monday, February 24, the Centers for Medicare and Medicaid Services (CMS)
