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Lonnie Gary, Partner, appears on Tax Talk Today
On Tuesday, November 15, partner Lonnie Gary appeared on Tax Talk Today.  The panel of professionals from the IRS as well as industry discussed topics such as exams, appeals and collections.  Follow the link below to view the program.   View Article >

New 1099 Penalties for 2017
The IRS is increasing 2017 1099 penalties. That’s because IRS’s Revenue Procedure 2016-55 contains the 1099 penalties your A/P department faces in 2017. And each one packs a punch. Here’s what you’ll be up against next year: · &... View Article >

Important Payroll Reports for Restaurants
We would like to share this PDF (it is attached at the end of this article) we received this week from Caleb Young at Paychex. The one-page update is good information and shows the kind of reports you should pay attention to if you own or manage a restaurant. Make sure you ... View Article >
Attachment Restaurant_update.pdf

Jeanne Wiener Writes about the Importance of Leaving an Information Legacy for your Heirs
Jeanne Wiener, CPA/PFS  is a tax manager at YCC and an trust and estate specialist. She has written an article about the importance of organizing your personal and financial information to assist family members, executors and trustees in the administration of your estate. This a... View Article >
Attachment Article_and_Organizer.pdf

Proceed With Caution - New Rule on IRA Rollovers
Due to a recent Tax Court case, Bobrow v. Commissioner , the IRS recently issued a notice stating that beginning January 1, 2015 each taxpayer will be limited to one 60-day IRA rollover per year on an aggregate basis. The new rule will apply across all of a taxpayer&r... View Article >

Lonnie shares insights at the IRS Oversight Board hearing, May 1, 2013
YCC partners and staff are active in the tax industry through various facets. Lonnie Gary, firm partner and chair of the Government Relations Committee at the National Association of Enrolled Agents, shared his perpectives of the filing season.  There are various articles s... View Article >

Social Security - Facts and Helpful Planning Tips
We would like to share our friends, Bedrock Capital Management, Inc.'s monthly newsletter about Social Security.  These articles present the key topics many of our clients ask us about Social Security: When should I apply for benefits ... View Article >
Attachment Social_Security_Newsletter.pdf

ATRA Delays Start to 2013 Filing Season
Delay requires careful planning for retroactive and prospective provisions . As the 2013 filing season gets underway, some taxpayers may experience delays in filing returns and others need to revisit their returns because of the passage of the Americ... View Article >

IRS Introduces Simplified Method for Claiming Home Office Deduction
The IRS has announced a new optional safe harbor method, effective for tax years beginning on or after January 1, 2013, for individuals to determine the amount of their deductible home office expenses ( IR-2013-5, Rev. Proc. 2013-13) . Being hailed by many as a long-overdue simplificati... View Article >

New IRS Guidance on Health Care Employer Mandate Looks to 2014 Start Date
Under the new health care law, starting in 2014, "large" employers with more than 50 full-time employees will be subject to stiff monetary penalties if they do not provide affordable and minimum essential health coverage. With less than eleven months before this "play or pay&quo... View Article >

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