PODCAST: Impact of UBIT and Tax Cuts and Jobs Act of 2017 on Nonprofits
The following podcast breaks down the unrelated business income tax (UBIT) and the changes to fringe benefits under the new tax law. The unrelated business [...]
Top 5 Changes Every Not-For-Profit Needs to Know Under the Tax Cuts & Jobs Act
Significant tax reform legislation was passed in December 2017. Colloquially known as The Tax Cuts and Jobs Act (TCJA), this legislation contained significant changes for [...]
Tax Cuts and Jobs Act: What it Means for You
Key changes under the new tax reform act for businesses and individuals. The Tax Cuts and Jobs Act (TCJA) will generate the most significant tax [...]
PODCAST: Impact of the Tax Cuts and Jobs Act on Homeowners
Noteworthy changes from the Tax Cuts and Jobs Act affecting individual homeowners. Questions and concerns continue to arise as taxpayers wade their way through the [...]
What’s Next for the Future of the Estate Tax?
As the White House continues to discuss plans for major tax reform, attention has shifted back towards a controversial topic, repealing the estate tax. While [...]
Tax Regulation Restricting Valuation Discounts May Be Revoked
On July 7, 2017 the U.S. Treasury Department released Notice 2017-38 raising the possibility of revoking eight proposed or final tax regulations that may [...]
Post-Tax Season Insights and Planning Strategies
Tax planning is not usually included in a summertime agenda, but now is the time to get a head start. Waiting until the end of [...]
New Rules Affecting 2016 Tax Returns
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 [...]
IRS Proposed Regulations regarding Family Owned Businesses
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 [...]
What every spouse should know before signing a joint return
The advantage of filing a joint tax return is well known – you generally save money compared to filing separately. However, there is at least [...]
