News & Insights: john n evans

TAX ALERT: 2017 FILINGS-WHAT YOU NEED TO KNOW


By John N. Evans  |  January 9, 2017

Due dates for filing of certain tax returns and information returns have been changed - see chart below for more information. 

Tax Alert: New IRS Guidance on the Work Opportunity Tax Credit and Tangible Property Regulations


By John N. Evans  |  March 11, 2015


TAX ALERT: BUSINESS-TRAVEL PER DIEM RATES UPDATED FOR 2015


By John N. Evans  |  November 12, 2014

Effective Oct. 1, IRS Notice 2014-57, 2014–2015 Special Per Diem Rates, updates the per diem rates that can be used for reimbursement of ordinary and normal business expenses incurred while employees travel away from home. It also revises the list of high-cost localities for use in the high-low substantiation method. The per diem rates, which are established by the General Services Administration (GSA), are updated before the end of the federal government’s fiscal year. Some employers elect to use these rates to simplify recordkeeping.

Despite Higher Tax Rates, 'S' Corporations Retain Advantages Over 'C' Corporations


By John N. Evans  |  March 25, 2014

Owners of small, growing businesses face a perennial question: Should the business function as an S corporation, or should the entity revoke its election under Subchapter S of the Internal Revenue Code? Individual tax rates are now generally higher than corporate rates – but that doesn’t mean that it’s an advantage to realize income as a corporation. Tax rates are not the whole story.

This article, “Despite Higher Tax Rates, ‘S’ Corporations Retain Advantages Over ‘C’ Corporations”, by John Evans and Maria Castilla, was originally published in Practical Tax Strategies by Thomson Reuters, December 2013.

VIDEO: The advantages of an “S”-Corp vs. a “C”-Corp


By John N. Evans  |  May 8, 2013

The American Tax Relief Act raises tax rates for some high-income people and probably has some growing, successful business owners thinking their companies should become “C” corporations. Think again, says John Evans, who explains why you’ll still probably save money by remaining an “S” corporation.

Tax Alert: IRS Offers New Guidance on the OVDP; Tax Relief for US Citizens Living Abroad


By John N. Evans  |  July 25, 2012

The IRS recently issued guidance on its current Offshore Voluntary Disclosure Program (OVDP) and tightened eligibility requirements. The program allows taxpayers with undisclosed foreign accounts and assets to “come clean” in exchange for reduced penalties and protection against criminal prosecution. The IRS also announced new procedures, effective September 1, 2012, which provide US citizens living abroad with an opportunity to catch up with their tax filings — in many cases penalty-free if they have little or no US tax due.

Tax Alert: June 30th Filing Dates for FBar Form 90-22.1


By John N. Evans  |  June 13, 2012

Form 90-22.1, "Report of Foreign Bank and Financial Accounts" (FBAR) for the year ended December 31, 2011, is due and must be received by the US Treasury no later than June 30, 2012.