Tax Alerts

Tax Briefing(s)

White House Budget

2012 Tax Year-in-Review

American Taxpayer Relief Act of 2012

Overall individual taxpayer audit rate drops for fiscal year 2012, along with IRS budget
The IRS recently issued its annual Data Book for fiscal year (FY) 2012, which provides the most recent statistical information on examinations, collections and other activities. The IRS's compariso...

Report describes seasonal workers, variable hour employees under healthcare reform’s Employer Mandate
The Patient Protection and Affordable Care Act (PPACA) requires certain “applicable large employers” that do not offer affordable, minimum essential health care coverage to their full-t...

Shareholder must reduce basis in S corp in first year basis adequate to absorb suspended losses
The U.S. Court of Appeals for the District of Columbia Circuit recently affirmed the Tax Court's decision that the Tax Code requires a married couple to reduce their basis in an S corp to account f...

IRS issues final rules on broker reporting of debt instruments and options
The IRS has issued final, temporary and proposed regulations on the requirement that brokers report the basis of debt instruments and options that they sell on behalf of customers. The regulations ...

Medical clinic’s “advances” to newly hired physicians were compensation and not loans
A medical clinic attempted to avoid its liability for employment taxes on compensation paid to newly hired physicians by classifying the payments as "loans." The clinic offered the loans in the amo...

TX - Extensions offered to taxpayers affected by fertilizer plant explosion
The Texas Comptroller of Public Accounts has offered 90-day extensions on all state taxes for taxpayers in McLennan County who are affected by the fertilizer plant explosion in the...

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And to this end, we hope the pages and links on this site will benefit you in planning your personal and/or business finances. But, we always want to hear from you, so you will find all our contact information here. Call us or e-mail us and let us know what's on your mind. How can we improve our service to you?

Enjoy your visit, and by all means, let us hear from you.

Freddy L. Moore, CPA & Managing Partner

We have individuals licensed to offer securities in the states of Texas, New Mexico, Colorado and Maine. This is not an offer to sell securities in any other state or jurisdiction.