Numerous employers provide cell phones to their employees for business use. Unsurprisingly, such phones are often used by employees for both business and personal use. Code Section 132 provides that

We previously wrote about how the instructions to Form TD F 90-22-1 (Report of Foreign Bank and Financial Accounts) (commonly referred to as the FBAR) were recently revised to include some non-U.S. pe

In October 2008, presumably to avoid a run on the banks as the credit crisis threatened a financial panic, the FDIC expanded its $100,000 insurance coverage on FDIC-insured institutions  to $250,

In many cities, season tickets to sports franchises are unavailable for immediate purchase for newcomers. Instead, potential buyers are placed on waiting lists “ sometimes for many years “ until an ex

The IRS has announced the interest rates for tax overpayments and underpayments for the calendar quarter beginning July 1, 2009. For noncorporate taxpayers, the rate for both underpayments and overpa

The 9th Circuit Court of Appeals reversed the Tax Court in an interesting case involving issues of Section 482 cost sharing, precepts of regulatory interpretation, and penalties. The Section 482 cos