Should You Elect S Corporation Status?
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). Self-employed people […]
Beware Pump and Dump Schemes
When the value of a stock skyrockets, its investors may think they’ve hit the jackpot. But if the stock in question is part of […]
A Poorly Worded Apportionment Clause Can Upend an Estate Plan
Federal estate tax liability is no longer an issue for many families, now that the gift and estate tax exemption stands at $11.4 […]
Innocent Spouses May Get Tax Relief
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the […]
Steps to Take if an SSA No-Match Letter is Received
What should you do if an SSA no-match letter is received by your business? In the past few months, many businesses and employers nationwide have received “no-match” […]
Q4 2019 Business Tax Calendar
Here are some of the key tax-related deadlines affecting businesses and other employers to add to your Q4 2019 business tax calendar. Keep in mind that this […]
Catching Revenue Recognition Fraud
Early revenue recognition has long accounted for a substantial portion of financial statement fraud. By recording revenue early, a dishonest business seller or an employee under pressure […]
Understanding the Contents of a Will
You probably don’t have to be told about the need for a will. But have you taken the time for understanding the contents of […]
“Kiddie Tax” Hurts Families More Than Ever
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to […]
Tax Implications of Gambling Winnings
If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. […]
