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Burton S. Speer

Sep 21, 2017

Keeping Your Balance: IRS releases new guidance on employee discount plans

Earlier this year, the IRS issued guidance on qualified employee discount plans in a Field Attorney Advice memorandum. While this type of IRS release cannot be used as precedent, it […]

May 18, 2017

Keeping Your Balance: How changes to the research credit help small businesses

The “Protecting Americans from Tax Hikes Act of 2015” (the 2015 PATH Act) included an unexpected taxpayer-friendly bonus: Beginning in 2016, eligible small businesses may claim the research credit against […]

Sep 24, 2015

Keeping Your Balance: Restoring construction tax incentives often missed

The Research and Experimentation Tax Credit has been part of the tax code since the early 1980s, but it is something not normally associated with the construction industry. Early on, […]

May 21, 2015

Keeping Your Balance: A guide to tax return identity theft

Every year there are an increasing number of cases of identity theft. With more people filing their tax returns electronically, the incidences of tax related identity theft have also increased. […]

Dec 18, 2014

Keeping Your Balance: Look at new IRS tip/automatic gratuity laws before year-end

We have all seen it during one or more restaurant visits – “Parties of 8 or more are subject to a mandatory 18% gratuity;” or for catered events the contract […]

Sep 25, 2014

Keeping your balance: Canceled debt – is it taxable or not?

Over the past few years, banks have cancelled billions of dollars of debts. As a result, taxpayers may have unexpected tax consequences when debt is cancelled. This is commonly known […]

Jun 20, 2014

Keeping Your Balance: IRS issues guidelines for tax treatment of bitcoins

By now, you have likely heard about virtual currencies, most notably bitcoin, especially in light of the recent stories about thefts of bitcoins at Mt Gox and other bitcoin exchanges, […]

Dec 20, 2013

Keeping Your Balance: IRS changes ‘use it or lose it’ rule for health FSAs

As the end of the year approaches, many of us that have flexible spending plans still have funds that may need to be spent, or risk losing the benefits of […]

Oct 3, 2013

Keeping Your Balance: Work from home? New IRS rules may make it easier

With the rapid improvements in technology and the ease of telecommuting, more and more people are working from home each year. This results in more people thinking about claiming a […]

Dec 20, 2012

Keeping Your Balance: The short history of taxes in the United States

As we get closer to the looming “Fiscal Cliff,” income tax change is once again in the news. Should we raise or lower taxes, get rid of loopholes, attempt major […]

Oct 5, 2012

Keeping Your Balance: 2012 and the end of the ‘Bush-era tax cuts’

Ben Franklin declared “nothing can be said to be certain except death and taxes.” More recently we can add to this that the only thing certain about taxes is that […]

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