States Begin Applying Wayfair Decision to Income Taxes
Many states have been slow to change their income tax nexus rules to comply with the…
Executive Compensation for 2019 – Unless We Hear Otherwise!
We anticipate that the executive compensation limit for government contractors for the year ending December 31…
Should I Change My Grantor Trust to a Nongrantor Trust?
In recent years, grantor trusts have been a popular method used by taxpayers in an effort…
Estate Tax vs. Inheritance Tax: What’s the Difference?
Many taxpayers understand that when they die, assets belonging to their estate could be subject to…
Replacement of Building Components Equal Potential Tax Savings for Hotel Owners
The Internal Revenue Service (IRS) released the tangible property regulations in 2014, which substantially changed the…
IRS Ramps Up Cryptocurrency Enforcement
On July 26, 2019, the Internal Revenue Service (IRS) issued a press release notifying the public…
When Your Estate Includes an IRA
Several times each year, an executor will ask us, “What do I do with the IRA…
Is Your Firm’s Cybersecurity Certifiable? If Not, Don’t Count on Winning DoD Contracts!
The current Department of Defense (DoD) cybersecurity rule, reflected in DFARS 252.204-7012, requires compliance with the…
Should I Gift My House to My Children?
Parents often desire to pass their primary residence or vacation property to their children for various…
What Happens When a QPRT Ends?
Homeowners who want to minimize their future estate taxes and transfer their home to their children…