Several laws passed during 2015 created new rules that will affect your 2016 tax returns. Here’s an overview. New Due Dates Form 990. The initial… Read more »
Categories: Tax, Tax Planning
On August 4, 2016, the Internal Revenue Service (IRS) issued proposed regulation REG-163113-02 which, if adopted, would limit or preclude the use of valuation discounts… Read more »
Categories: Tax, Small Business, Tax Planning, Estate Tax
On August 18, 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-14, Not-for-Profit Entities (NFPs). The new guidance contains significant changes to the financial… Read more »
Categories: Audit & Accounting
In assessing their businesses, most owners focus on growth in sales and profits. Yet these do not guarantee business health and success. Another important gauge… Read more »
Categories: Audit & Accounting
Estate planning is not just a task for the wealthy. Even though federal tax implications kick in only if your estate exceeds $5,430,000, there are… Read more »
Categories: Tax Planning, Estate Tax
The advantage of filing a joint tax return is well known – you generally save money compared to filing separately. However, there is at least… Read more »
Categories: Tax
On May 18, 2015, the U.S. Supreme Court, based upon a 5-4 ruling, struck down a Maryland income tax law, calling it “discriminatory” because it… Read more »
Categories: Tax
Persuading your working children to make retirement contributions may not be easy, but investments in Roth IRAs may be the wisest possible use of their… Read more »
Categories: Tax
Preparing for your retirement is a journey. And like most journeys, success or failure often hinges on decisions made early in the trip. Consider some… Read more »
Categories: Consulting, Estate Tax, Employee Benefit Plans
Appropriately enough, investors may notice a slow trickle in earnings from “dividend reinvestment plans“ (DRIPs). But these investments may end up providing a steady stream… Read more »
Categories: Tax
