Author Archives: chrisvandenack
FATCA Requirements for Individuals
The IRS recently released guidance regarding new reporting requirements under the Foreign Account Tax Compliance Act (FATCA). Under FATCA, the IRS requires that certain U.S. taxpayers with “specified foreign financial assets” exceeding certain thresholds report those assets to the IRS by attaching form 8938 to their income tax return this year. Generally, taxpayers living in… Read More »
Should Your Business Adopt a Social Media Policy?
Many businesses can use social media as a valuable tool. Social media helps to create and communicate a “brand personality”. Social media can also help generate new clients and business connections. When using social media to advance business goals, employees serve as an asset because they know your products and/or services better than anyone else. … Read More »
IRS Expands Relief Available to Innocent Spouses Under Proposed Guidelines
The IRS has issued a proposed Revenue Procedure that would modify the requirements for when a spouse may seek equitable relief from tax, interest and penalties owed on a joint return as a result of actions of the requesting party’s spouse. Generally, each spouse is liable for all tax, interest and penalties arising from a… Read More »
HHS Names 32 ACO “Pioneers”
The Department of Health and Human Services recently announced the names of 32 health care physician groups and systems that it anticipates will be leaders in the formation of accountable care organizations (“ACOs”). The “pioneers” are considered frontrunners in working toward achieving the ACO model’s goals of providing higher quality care and reducing health care… Read More »
4 Meaningful Use Tips for Physicians
The concept of meaningful use is key to earning federal electronic health records (“EHR”) incentives. The following are four tips to keep in mind when working towards meeting meaningful use criteria: 1. Track Progress. Many meaningful use measures establish a threshold that must be reached. Use “to do” lists and progress charts to track progress… Read More »
