Lisa B. Petkun
Third Circuit Affirms District Court’s Award to Offset Plaintiff’s Increased Taxes in ADEA Case

A plaintiff received a jury award of $200,000 for back pay and compensatory damages on her ADEA claim. The district court granted plaintiff’s post-trial motion seeking $6,800 to offset the increased taxes plaintiff was required to pay on the lump...

Tags: Litigation
LexisNexis Tax Center
LexisNexis Tax Advisor-Federal Code: Stimulus Bill Increases Small Business Stock Sale Exclusion

The American Recovery and Reinvestment Act of 2009 (ARRA), P.L. 111-5, 02/17/2009, signed into law by President Obama on February 17, 2009, has increased the qualified small business stock exclusion to 75 percent from 50 percent (60 percent for stock...

Yogi Solanki
Stimulus Bill Increases Small Business Stock Sale Exclusion to 75 percent

The American Recovery and Reinvestment Act of 2009 (ARRA), P.L. 111-5, 02/17/2009, signed into law by President Obama on February 17, 2009, has increased the qualified small business stock exclusion to 75 percent from 50 percent (60 percent for stock...

Karen L. Hawkins
Karen Hawkins Appointed Director of IRS Office of Responsibility

March 3, 2009 - Karen L. Hawkins has been appointed as Director of the IRS Office of Professional Responsibility (OPR). Hawkins assumes the IRS position after 25 years in private practice with Taggart & Hawkins, P.C. in Oakland, California. Ms. Hawkins...

LexisNexis Tax Center
LexisNexis Tax Advisor-Federal Topical: Taxation of Life Insurance and Death Benefits

Revenue Procedures mitigate life insurance contract deficiencies that would otherwise expose life insurance proceeds to taxation. Click here to access our sample discussion of Taxation of Life Insurance and Death Benefits : (PDF) Exclusively from LexisNexis...

Will Yancey, CPA
California Audit Procedures and Demands for Records Intensify

The California Board of Equalization (BOE) staff and state Assembly are considering proposals that would significantly tighten the business tax audit requirements. The discussion paper for Proposed Regulation 1698.5 includes a requirement to complete...