Weekly News Round Up: Property Tax Sticker Shock in D.C.; CFO Confidence at 2-Year High; and The IRS Giving Bigger Refunds
March 17, 2014
Welcome to the Weekly News Round Up from the SC&H blog. Each week, we showcase a series of news stories that span everything from government contracting to personal finance to state and local tax issues.
This week, we have compiled stories about the “sticker shock” that is happening in Washington, D.C. with new property tax assessments, a recent study shows confidence among CFOs is at a 2-year high, and how the IRS is handing out bigger refunds this year.
D.C. Property Owners Facing Sticker Shock Over New Assessment Method
Ross Litkenhous, Principal with SC&H Group, was featured in a recent Washington Business Journal article about D.C. real estate property assessments. He provides some great insights regarding the “sticker shock” that many property holders are experiencing right now.
CFO Confidence in U.S. Economy at 2-Year High
U.S. CFOs’ confidence in the U.S. economy increased more than 10 percent in the first quarter of the year, reaching a two-year high, according to a new survey by Financial Executives International.
CFOs Seek Surer Footing for the Path Forward
U.S. finance leaders are looking for more signs of stability in the year ahead, according to the latest Duke University/CFO Global Business Outlook Survey.
IRS Is Handing Out Bigger Refunds This Year
According to the IRS, about 40 percent of the returns expected to be filed this year were already received by the end of February. Experts believe that this is because the average refund issued by the IRS so far is $3,034, up 3 percent from last year.
AICPA Asks IRS to Delay Cost Basis Reporting Deadlines
The American Institute of CPAs has written a letter to the IRS, asking the agency to postpone the effective dates for cost basis reporting for options and debt instruments.
Delaware Returns $83 Million In Unclaimed Property, Report Says
The Delaware Department of Finance said that it has returned more unclaimed property in the 2014 fiscal year than it did the year prior.
Navigating the Charitable Giving Landscape
Amanda Wooddell, a Manager at SC&H Financial Advisors, recently authored this Baltimore Gay Life article (Page 21), which provides insights into effective charitable giving for same-sex couples.