Many taxpayers may be unaware of Internal Revenue Code Section 475(f), a provision that gives fund managers and other securities traders the opportunity to mark to market stocks or other securities. According to the mark-to-market method of accounting, any security held by an electing trader is treated as sold for its fair market value (FMV) on the last day of the year. The result is that the taxpayer includes in gross income any gains or losses on securities including any unrealized gains or losses that exist at the end of the year. 

The Bureau of Labor Statistics (BLS) reports that in February, for the fifth consecutive month, employmentwas virtually unchanged (-0.3%) despite a blizzard in the East.  Two years of hemorrhaging jobs appears at an end.

On February 26, 2010, the Internal Revenue Service (IRS) unveiled targeted guidance that should provide significant relief for taxpayers required to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).

The Supreme Court recently declined to review a Ninth Circuit holding that a taxpayer could not avoid the Code Sec. 1031 like-kind exchange related-party rule by using a qualified intermediary (QI).

Many wealthy individuals have put off making important estate planning decisions until the economy sees further recovery, but they may be missing a unique opportunity to maximize estate tax savings and potentially minimize their creditor exposure.

One in five CFOs say that their annual budgets are obsolete by January 1; two-thirds say they're obsolete by June 30. These Continuous planning, rather than making budgets a once-a-year priority, will enable your company to adapt to changing conditions, make regular revisions to assumptions and plans, and keep up with market movements that will impact your business and bottom line.

Most companies won't find out that their customer is in financial distress until they've in or near a turnaround/workout situation. If you have an unsecured claim against their bankruptcy estate, you may have the opportunity to maximize your recovery by becoming part of the Unsecured Creditors Committee.

Under the Employee Retirement Income Security Act of 1974 (ERISA) and Department of Labor (DOL) regulations and guidelines, individuals identified as their employer’s fiduciaries are legally required and held accountable to act in the best interests of the plan’s participants.

In this era of strict corporate governance, many companies look to work with organizations that have strong internal controls and procedures in place for how they provide vital services to their clients. Having a SAS 70 before your client asks for it shows that you're responsible, reliable, and qualified to handle their business.

Despite an ever-expanding universe of available information, many managers express frustration over the lack of easy access to accurate, timely, and meaningful information.