Read About - Schedule K-1: A Guide for Real Estate InvestorsJanuary 29, 2024
At a Glance
Main Takeaway
As a real estate investor, particularly within a partnership or LLC, a Schedule K-1 is integral to your financial documentation
Read More »
Read About - Exit Planning: What Is It & Why Do It?
Read About - Sell-Side M&A Transactions and Tax Due DiligenceJanuary 22, 2024
At a Glance
Main Takeaway
The buying party often conducts in-depth tax due diligence when closing a merger or acquisition transaction
Read More »
Read About - Tax Relief for American Families and Workers Act of 2024January 22, 2024
The full bill has been released for the proposed Tax Relief for American Families and Workers Act of 2024
Read More »
Read About - The New Federal Audit ClearinghouseJanuary 17, 2024
Introduction
In October 2023, the General Services Administration launched the new Federal Audit Clearinghouse
Read More »
Read About - California Guidance on Other State Tax Credit and ReciprocityJanuary 10, 2024
https://windes.wistia.com/medias/v2owa3534x?embedType=async&seo=true&videoFoam=true&videoWidth=640
At a Glance
Main Takeaway
Understanding and navigating the complexities of state tax laws can be challenging for individuals earning income across state lines
Read More »
Read About - Receiving a Contribution of Cryptocurrency? Your Donor May Need a Qualified AppraisalDecember 28, 2023
Since the introduction of cryptocurrencies, charities have grappled with the idea of accepting them as a contribution, like receiving a donation of stock. The growth in crypto popularity has prompted more charities to say “Yes.” However, if your charity decides to accept such a gift, you may need to obtain…
Read More »
Read About - Cost Segregation Reports and Your Schedule K-1December 18, 2023
A cost segregation report can significantly impact Schedule K-1 tax reporting by affecting depreciation deductions and taxable income
Read More »
Read About - Budget vs Actual: How To Do Variance AnalysisDecember 7, 2023
As we enter the last few months of the year, annual planning activities like creating budgets and forecasts become the focus for most leaders and finance teams
Read More »
Read About - Tax Credits Available to Nonprofits Under the Inflation Reduction Act of 2022December 4, 2023
In general, tax credits do not mean much to tax-exempt nonprofit organizations because they do not pay taxes (typically)
Read More »
Read About - IRS Contributions Rule Change for High-Earner 401(k)sNovember 28, 2023
At a Glance
Main Takeaway
The SECURE 2.0 Act of 2022 (the Act) mandates that individuals aged 50 and older earning $145,000 (indexed for inflation) or more make “catch-up” contributions to their employer-sponsored 401(k) on a Roth basis, meaning those extra contributions are to be made with money you’ve already paid taxes on
Read More »
Read About - New SECURE Act 2.0 Long-Term Part-Time Employee RulesNovember 14, 2023
At a Glance
Main Takeaway
The original SECURE Act, signed into law in 2019, was designed to encourage employers to offer retirement plans such as the 401(k) and make it easier for employees to benefit from them
Read More »