Tax Alerts

Tax Briefing(s)

Middle Class Tax Relief and Job Creation Act of 2012

2011 Tax Year In Review

2012 tax season ends quietly
The 2011 filing season ended quietly, apart from a few IRS reminders and last-minute tips issued just before the April 17 deadline. Practitioners generally agreed with the government’s assess...

GAO reports confusion over foreign account reporting under FATCA and FBAR
The U.S. government has been tightening its scrutiny of taxpayers who use foreign financial accounts to circumvent U.S. tax law. Last year the Treasury department imposed new requirements on taxpay...

IRS Commissioner reviews priorities/accomplishments; will step down in September
IRS Commissioner Shulman recently announced he plans to leave his position when his five-year term ends in September 2012. Speaking before the National Press Club this past April, ...

IRS eases up on local lodging deduction for employees
The IRS has issued proposed “reliance” regulations that allow an employee’s deduction for local lodging that is business-related. Although the proposed regulation...

IRS releases updated collection financial standards for ability-to-pay
The IRS has released its Collection Financial Standards for 2012. The Collection Financial Standards specify the amounts that taxpayers may claim as basic, necessary living expenses when they claim...

IL - Governor proposes 2012 tax cut, credits
In his 2012 State of the State address, Illinois Gov. Pat Quinn announced three tax proposals for 2012 involving corporate and personal income tax and the natural gas utility gas tax. Initially, th...

IN - Acquired company filed returns late
A taxpayer, acquired by a second corporation, that did not file its Indiana corporate tax returns or remit estimated tax payments until the second corporation filed its consolidate...

MI - Tax tribunal abused its discretion by dismissing taxpayers’ petition
The Michigan Tax Tribunal abused its discretion by dismissing the taxpayers’ petition challenging the assessment of the value of their residential condominium for local prope...

Welcome to the Website of Lysaught, Salmon & Company, Inc., CPA's

We are a Certified Public Accounting firm in Michigan City, Indiana. We were established in 1973 by our founder partners Edward L. Lysaught, CPA and Michael Salmon, CPA. Currently, the firm is operated by Chad R. Schroll, CPA - Director of Tax & Planning and David Lesnik - Director of Accounting & Auditing.  

Lysaught, Salmon & Company, Inc., CPA’s provides top quality accounting services that include bookkeeping services, accounting system advice, tax preparation, tax planning and consulting along with financial accounting services that includes audits, reviews and compilations. Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.

Our firm’s mission is to provide our client’s with a closely trusted advisor in all things accounting related. We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.