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Modern Estate Administration – Issues Arising After Death
Jan 9, 2024
Learn more about current hot topics surrounding the administration of a decedent’s estate and included statutory, regulatory, financial, and case law interpretations in estate administration.
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Jan 15, 2024
The new Corporate Transparency Act is a complex piece of legislation that will impose a substantial burden on the general public. The uncertainty as to who it applies to will impose a significant burden on taxpayers to make this determination.
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Grantor Retained Annuity Trusts – Friend or Foe
Jan 11, 2024
This article offers perspectives on grantor retained annuity trusts and how a GRAT can provide significant estate and gift tax benefits at little or no gift tax cost.
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Practical Partnership Panaceas
Jan 12, 2024
This article offers content focused on strategic planning with the flexibility and complexity of partnership taxation.
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Recent Developments in Trust and Estate Planning
Jan 10, 2023
A panel discussed the many recent developments estate and trust planning at the 57th Annual Heckerling Institute on Estate Planning.
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Jan 11, 2023
A recap of a session focused on providing guidance for ‘middle-rich’ clients.
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Recent Estate Planning Developments 2023
Jan 11, 2024
This article offers a look at critical recent developments related to estate planning.
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A Magical Mystery Tour Through the Chapter 14 Labyrinth – Practical Issues and Applications
Jan 15, 2024
This post offers a quick review of a session focused on Chapter 14 of the Internal Revenue Code, with a special focus on IRC Sec. 2701 and its complicated rules.
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All in the Family: Six Strategies for Successful Family Business Planning
Nov 13, 2017
The seventh annual EisnerAmper NJ Business Summit featured a session called “All in the Family: Six Strategies for Successful Family Business Planning.” The panel discussed transition planning for closely held businesses.
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Tax Reform’s Impact on Meals and Entertainment Rules
Feb 23, 2018
Meals and entertainment deductions have changed drastically under the 2017 Tax Reform and Jobs Act. Going forward, the best way to handle these expenses is to establish separate general ledger accounts to distinguish between the different types.
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Ten Tips for Managing a PR Crisis
Nov 16, 2017
When a PR calamity hits, take a deep breath and implement your crisis communications plan. You do have one, don’t you? Well you should, and here are some of the things you should consider doing during a public relations thunderstorm.
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Mar 12, 2018
Now may be the best time to acquire fixed assets for your business and take full advantage of expensing on qualified asset additions. As always, circumstances may apply to your situation; it is best to consult your tax advisor.
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Help Wanted: Eight Reasons to Hire an HR Manager
Dec 6, 2017
As the owner of a small business, hopefully you grow to the point where you need to hire support staff such as marketing, IT and human resources. In the case of the latter, what should make you consider adding an in-house HR person?
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The Interest Deduction Under Tax Reform
Mar 28, 2018
One of the changes in the Tax Cuts and Jobs Act is the interest expenses deduction limitation for businesses effective tax year 2018. You should start planning for this as soon as possible so you are not surprised with a tax liability for 2018.
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Better To Be Safe than Sorry When it Comes to FBAR Filing
Nov 17, 2017
If you are unsure about being subject to the FBAR filing, always err on the side of caution. You might be subject to filing Form 8938, Statement of Specified Foreign Financial Assets. Penalties can be onerous for not filing the FBAR form.
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What Does Tax Reform Mean for W-4s?
Dec 20, 2017
Tax reform will eliminate taxpayer exemptions for individuals, spouses and their children. As such, employees would need to submit new W-4s to their employers for signature.
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FASB’s Exposure Draft on Financial Statements of Not-for-Profit Entities
Aug 5, 2015
Given the breadth of changes being suggested in the current exposure draft, respondents have been given a comment period of 120 days, ending August 20, 2015. Anyone interested in weighing in on the proposed changes is allowed to submit comments.
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Form 990 Series: Schedule G – Why Does the IRS Want Us to Look Like We Lost Money? (Part 3 of 3)
Jun 18, 2014
Form 990 Schedule G might look like the Not-For-Profit organization lost money on the event. Information on Form 990 including an explanation of each line such as gross receipts, less contributions, gross income and direct expenses. Accounting staff needs to be involved in the reporting.
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Form 990 Series: The “Players” listed on the Form 990 (Part 1 of 3)
Jun 4, 2014
The Players listed on the Form 990 and what each of the positions entail. Parts of Form 990 and Schedule J are controversial because the reader can see each individual's compensation and benefits. Form 990 includes this to enhance the transparency of nonprofit organizations.
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Form 990 Series: Why Are Those Compensation Numbers Different? (Part 2 of 3)
Jun 10, 2014
Our Form 990 blog series includes compensation and benefits that have to be listed for each of the players involved in a nonprofit organization in Part VII of the core Form 990. Common reasons why the info for Form 990 Part VII would NOT be the same as the info in Part IX.