The Deductibility of an Estate’s Excess Deductions to Beneficiaries
As we planned for and now prepare estate and trusts returns for 2018, beneficiaries and executors…
The Accuracy-Related Penalty: New Disclosure Requirements
The Internal Revenue Service (IRS) has issued Revenue Procedure 2019-9, which outlines disclosure requirements to reduce…
How to Develop an IT Strategic Plan and Stick to It
Preparation Is your business prepared to successfully respond to an IT-related disaster? Different companies require varying…
Deductions for Meal and Entertainment Expenses under TCJA
The Internal Revenue Service (IRS) issued a notice clarifying the tax treatment of meal and entertainment…
Should your Medical Practice be a “C” Corporation?
The 2017 Tax Cuts and Jobs Act created the Internal Revenue Code (IRC) 199A, which provides…
Disaster at Kraft: What Purchase Price Allocations and Goodwill Impairment Can Teach Us about M&A Gone Wrong
On February 22, 2019, investors woke up to a shocking 27% decline at the opening bell…
Doctors and Divorce: What You Need to Know
Going through a divorce can be a difficult time for anyone involved. It’s an emotional situation…
Is Your Team Ready for the Changes Coming to Your Balance Sheet?
Does your contracting business regularly lease vehicles and equipment or rely on loan agreements and surety…
Late Tax Return Filing May Mean Reduced Social Security Benefits
Late filing your tax returns? Here’s another reason to quickly get into compliance: You may be…
Virginia Amends Residency Definition for Estates and Trusts
On February 15, Virginia amended its estate/trust residency statute by removing one of the definitions used…