CARES Act- A Quick Update
As the Treasury continues to release guidelines in response to the COVID-19 crisis, we will provide a summary of important provisions for your consideration. Extended 1031 exchange identification and exchange periods Exchangers whose 45-day identification period or 180-day exchange period falls between April 1, 2020, and July 15, 2020, will have until July 15 to […]
Client Memo – Privacy Notice
Your privacy is important to us, and maintaining your trust and confidence is one of our highest priorities. We respect your right to keep your personal information confidential and understand your desire to avoid unwanted solicitations. We hope that by disclosing our Privacy Policy to you, you will have a better understanding of what we […]
Client Memo – Privacy Protection
Unfortunately, we live in a world where our privacy is consistently being threatened, both online and through the various business and governmental organizations that we deal with. In an effort to assist you in protecting privacy, we have enclosed two publications published by government agencies. We recommend you take the time to read these publications […]
Client Memo – Estate Planning Suggestion
With the end of the year fast approaching, we would like to remind you that this is a good time to evaluate your estate planning needs and strategies and consider updating your estate planning documents. Here are a few suggestions for you to consider: Please make sure that your will and trust documents are current […]
Client Memo- Partnership Audit Rules Go Live
As you prepare and gather the 2017 tax data, I strongly encourage you to take this opportunity to review and modify your partnership agreements to be in compliance with the IRS’s new partnership audit rules. The new rules enacted by The Bipartisan Budget Act of 2015 (BBA) introduced new tax terms and concepts, and are […]
Client Memo – Tax Time Scam Awareness
As the IRS announced the beginning of the 2018 tax filing season last week, it warned that this is the time when identity thieves and fraudsters are actively seeking opportunities to steal from businesses and individuals. In addition to tax scams covered in our previous client memos – IRS Warns of Phone Scam, IRS Dirty […]
Client Memo – Tax Cuts & Job Act
The new tax reform law, commonly called the “Tax Cuts and Jobs Act” (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers. Below are highlights of some of the most significant changes affecting individual and business taxpayers. Except where noted, these changes are […]
Client Memo – Pass Through Income Under New Tax Bill
There has been a lot published about the pass-through deduction for income from pass-through entities (partnerships, LLCs, and S Corporations) which will lower the effective tax rate on business income, but very little has been talked about in the press as to the limit on this benefit, or definitions of how “qualified business income” subject […]
