Single Member Limited Partnerships: So What Returns Do I File?
Ever since my original blog post on single member limited partnerships (found here) I have received numerous comments and questions from attorneys and CPAs inquiring [...]
Estate and Gift Tax Exemptions and Exclusions: 2016 Projections
Based on recently published inflation tables, it is projected that for 2016, the per person estate and gift tax exmeption will rise to $5.45 million [...]
IRS Delays New Section 6035 Basis Reporting Requirements
The IRS recently released Notice 2015-57, which provides that the due date for the new tax basis reports that are now required to be filed [...]
How to Revive Your Suspended Business Without Paying Back Taxes
For any business owner with tax problems, one of the most devastating things the government can do is to suspend the business entity's privileges. Essentially, [...]
Hillary Clinton Releases Eight Years Worth of Tax Returns
On Friday, presidential candidate Hillary Clinton released eight years worth of her personal income tax returns--a practice which has now become the norm for any [...]
California “Waiting Time” Penalties NOT Classified as Wages for Payroll Tax Purposes
Anytime there is a judgment, award of damages, or settlement that involves the transfer of funds a careful analysis should be undertaken to determine the [...]