Richard Niles, J.D., Senior Editor, Tax Facts Online

About the Author

Richard Niles, J.D., Senior Editor, Tax Facts Online

Richard Niles is a senior editor for Summit Business Media's Tax Facts Online, the premier practical, actionable, and affordable reference on the taxation of insurance, employee benefits and investments. This advisory service provides expert guidance on hundreds of the most frequently asked client questions concerning their most important tax issues.

Mr. Niles has over three decades of experience in tax and financial planning writing, editing, and product development. While at the American Institute of CPAs he worked with prominent tax experts in the continuing education division. He helped develop tax educational products that were well received and highly rated. One tax manual was adopted by the IRS for its internal training. At Aspen Publishers he edited journals and newsletters, and at the Research Institute of America he served in an innovative department specializing in state tax alerts. He also worked recently at LexisNexis in the federal tax department, where he developed a two-volume treatise on pension law with one of the nation's top pension experts, and helped create many new online products. Richard holds a B.A. in English from Temple University, and a J.D. from Vermont Law School.

• Many Businesses Can Start Filing Income Tax Returns Feb. 4

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  February 4, 2013

  Opening covers non-1040-series business returns for 2012; delays remain on other business form filing dates.

• Who Will Be Subject to Obamacare Net Investment Tax?

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  December 20, 2012

  IRS provides guidance on Obamacare 3.8% investment income tax, including who is affected, and on the Additional Medicare Tax.

• In Giving Season, Reminders From IRS; Guidance From CFP Board

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  December 12, 2012

  Timely reminders on smart client giving during the holiday season include IRS rules and suggestions from the CFP Board's Consumer Advocate Eleanor Blayney.

• What’s Next for IRS and Tax Planning? Commissioner’s Remarks Offer Some Hints

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  November 14, 2012

  Douglas Shulman’s farewell speech at AICPA conference suggests what advisors and clients may expect from the IRS in the near future.

• Oct. 15 Deadline Looms for 11 Million Taxpayers

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  October 10, 2012

  Automatic extensions to file and in some instances pay income taxes expire Oct. 15, though some taxpayers will have more time.

• Don’t Let Clients Be Blinded by the 2013 Sunset: Tax Planning Now

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  September 17, 2012

  The possible tax changes with the New Year—and a definite one—that you should consider for your clients, regardless of who is president.

• Tax Tips for the Casual Gambler From the IRS

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  September 7, 2012

  For one thing, your winnings are fully taxable, but so are your losses...and keep good records!

• At Back-to-School Time, Tips for Saving and Paying for College

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  August 17, 2012

  Your clients already feeling the pain of paying tuition? Reminders on how to save for college and how to offset your payments with tax credits and deductions.

• Clients on the Move? Tax Tip Reminders From the IRS

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  August 9, 2012

  If your clients (or you) are making a move this summer, especially to change jobs, some reminders on deductible expenses.

• Leave an Employer, Roll Over Into an IRA and Then Early Withdraw? No Exception, Court Rules

  By Richard Niles, J.D., Senior Editor, Tax Facts Online  |  July 13, 2012

  Appeals court upholds an early distribution penalty for a taxpayer who withdrew money from a rollover IRA.