Practice Management

Happy Asker, the founder of a pizza chain based in Farmington Hills, Mich., that operated restaurants throughout Michigan, Ohio and Illinois, was sentenced last week to 50 months in prison for income and employment tax fraud.

Rep. Sander Levin, D-Mich., the ranking Democrat on the tax-writing House Ways and Means Committee, has introduced legislation to clarify equal treatment for all married couples under the U.S. tax code in response to the Supreme Court's ruling last month allowing same-sex marriage in every state.

Senate Finance Committee chairman Orrin Hatch, R-Utah, and ranking Democratic member Ron Wyden, D-Ore., said Friday the committee will markup a tax extenders bill next Tuesday.

The experts at HD Vest lay out the financial details that every couple should take care of before the big day.

“In every country I’ve been in, real estate is the best tax shelter,” said Tom Wheelwright, CPA, an advisor and speaker at Robert Kiyosaki’s Rich Dad Poor Dad seminars, and a contributor to Donald Trump’s Wealth Builders Program.

A coalition of employers and trade associations from a variety of different industries are asking Congress to clarify the rules for determining eligibility for tax credits for health insurance.

Undercover investigators working for the Government Accountability Office were able to receive approximately $30,000 in Advance Premium Tax Credits for health insurance after setting up a dozen fictitious accounts.

The U.S. House of Representatives voted to extend highway and transit funding through Dec. 18, in contrast with Senate Republicans who want a longer extension.

Highlights of some of our favorite tax-related blogs from the past week.

Sales tax software provider Avalara has partnered with the publisher Wiley to offer a free ebook, “Sales & Use Tax Compliance for Dummies.”