As an American living overseas, each year you have to gather the information required to file a U.S. return.  Unlike your compatriots, residing across the pond comes with its own process: complicated and with more risk and penalties.  The following article sheds light on the expat, tax forms you will need in order to file your return.

Full Article

Category : Individual Tax | International | News & Events

phishing scam hook @ graphic

Think before you click. Don’t open unexpected email attachments from unknown persons. Just because an email message looks like it came from someone doesn’t mean that it actually did. Scammers can “spoof” the return address, making it look like the message came from someone else.  Don’t view or click on links in unsolicited emails.

Trust your instincts – If an email, link or email attachment seems suspicious, don’t open it, even if your anti-virus software indicates that the message is clean. Attackers are constantly releasing new viruses, and the anti-virus software might not have the signature. At the very least, contact the person who supposedly sent the message to make sure it’s legitimate before you open the attachment. However, especially in the case of forwards, even messages sent by a legitimate sender might contain a virus. If something about the email or the attachment makes you uncomfortable, there may be a good reason. Don’t let your curiosity put your computer at risk.

Category : News & Events

Fairfax, Virginia –Chip Helme, of Thompson, Greenspon & Co., PC is the new chair of the board of CPAmerica International. He succeeds 2014 chair and former president, Bryan R. Chandler, leading partner of JamisonMoneyFarmer in Tuscaloosa, Ala.

Joseph Ciccarello, leading partner of Gray, Gray & Gray, LLP, has been elected to the vice chair/chair-elect position.

“Last year proved to be a great year and I’m looking forward to what this board will bring to the membership in 2014,” said Alan Deichler, CPAmerica president. “As a member-driven association, the board represents the membership within CPAmerica.”

Among the nine elected board members, returning board members include, J. Brad Steward of Pulakos CPAs, PC; and S. Scott Voynich of Robinson, Grimes & Company, P.C.

The four newly-elected board members include Timothy Arter of Brickley DeLong, PC; John Lauer of HBL CPAs, P.C.; Robert McGowen of McGowen, Hurst, Clark & Smith, P.C.; and Jack Savage, Jr., of CF & Co., L.L.P.

CPAmerica is a unique blend of active members, headquarters staff and expert technical support.

 About CPAmerica International:

CPAmerica International is an accounting association of independent, CPA firms that provides practice management support, continuing education, marketing, online services and other programs for the improvement of its member firms. As a member of Crowe Horwath International, the association has more than 670 offices worldwide, and combined firm revenues of the alliance of more than $3 billion. Learn more about CPAmerica on the CPAmerica blog, LinkedIn and Twitter.

For full release, visit CPAmerica News: CPAmerica International Announces 2015 Board of Directors

Please click here for Bryan R. Chandler’s biography.

Category : News & Events

Linda Wang of the United States Department of Agriculture has created a summary of the newest tax laws related to timber.

Tax laws on timber transactions are very specialized knowledge that are not commonly known. Yet they are important to timber owners in terms of the ongoing cost of owning and managing timber, forest stewardship and compliance to the tax law. This bulletin reviews the major federal income tax laws to help forest owners in filing their 2014 income tax returns.

While these guides can be very helpful, please feel free to contact anyone on our Timber and Other Natural Resources team to help with any specific tax questions or advice.

Tax Tips for Forest Landowners for the 2014 Tax Year

Category : Corporate & Partnership Tax | Individual Tax | News & Events | Timber








Below are the annual adjustments made to both Estate and Gift Taxes:

         Unified Estate and Gift Tax (Lifetime) Exclusion:  $5,430,000

         Generation – Skipping Transfer (GST) Tax Exemption:  $5,430,000

         Gift Tax Annual Exclusion:  $14,000 (no change from 2014)

Category : Estate & Trust

A $41.6 billion package consisting of 54 tax breaks was temporarily renewed by the Senate on Tuesday, December 16th, 2014, which in turn will affect small businesses, large corporations and individuals only through 2014.

To read the full article, please click on the link provided: Tax Extenders and Bonus Depreciation

Category : News & Events



Several taxpayers have alerted the Alabama Department of Revenue about unknown callers posing as someone from the department requesting social security numbers and bank account information.

Please click on the link provided to know what to do: Don’t Be Reeled In By Phishing Attempts

Category : News & Events

This Site may contain links to other Web sites, including links to the Web sites of companies that provide related information, products and services. These links are solely for the convenience of visitors to this Site, and the inclusion of such links does not necessarily imply an affiliation, sponsorship or endorsement. FIRM makes no representations whatsoever regarding such third party Web sites.