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Tax Planning & Preparation, Business Income, Personal and Fiduciary Income
IRS issues Interim Guidance on Deductibilty of Meals under TCJA
Oct. 4, 2018
The IRS has issued guidance concerning the deductiblity of meals expense. Under the 2017 Tax Cuts and Jobs Act (TCJA), entertainment expense is no longer deductible. The Act did not change the definition of entertainment under § 274(a)(1); therefore, the regulations under § 274(a)(1) that define entertainment continue... View Article>
Tax Planning & Preparation, Litigation and Business Valuation, Family Law
What Constitutes an Alimony Agreement?
Jul. 10, 2018
By David Goodman, CPA/ABV/CFF, CVA & Jon C. Ames, CPA, CVA, MAFF   Under the Tax Cut and Job... View Article>
Tax Planning & Preparation, Business Advisory Services, Business Income
Verify your entity's tax status for local personal property tax exemptions by April 2
Mar. 24, 2018 3
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Tax Planning & Preparation, Business Advisory Services, Business Income
March 15th Due Date for Returns Extended to March 20, 2018 for Some
Mar. 15, 2018
The ... View Article>
Tax Planning & Preparation, Litigation and Business Valuation, Personal and Fiduciary Income, Business Valuation, Family Law
PITFALLS OF TRANSFERING ASSETS FROM IRA TO SPOUSE
Mar. 13, 2018
In John R. Kirkpatrick v. Commissioner, TC Memo 2018-20 , Code Sec(s) 408, John was to transfer funds to his spouse. John took a distribution from the IRA and then wrote a check to his spouse for the amount of the distribution. The IRS determined that John received a taxable distribution. The U.S. Tax Court upheld the IRS. if a taxpayer take... View Article>