Michael J. Evans, CPA, Partner and Director, Tax Services Group
Senators Bernard Sanders (I-VT), Sheldon Whitehouse (D-RI) and Tom Harkin (D-IA) introduced the Responsible Estate Tax Act on June 23, 2010. If passed, it would retroactively reinstate some estate tax provisions, change others and introduce new ones.
Specifically, the Responsible Estate Tax Act would reinstate the federal estate and generation-skipping transfer (GST) taxes and repeal "carryover basis," effective for gifts made and estates of decedents dying after December 31, 2009. In addition, the bill also proposes a progressive rate structure and a "billionaire's surtax." Click Full Article for some of the key features in the proposed legislation.
Promotions were announced by Robert J. Minkler, Jr., managing partner at the June 16 firm meeting. In the Tax Services Group, Michelle Hagen was promoted to Senior Manager, Adam Prest and Deidra Thomas were promoted to Supervisor, and Monica McKillip was promoted to Senior. In the Audit & Advisory Services Group, Jon Waitukaitis was promoted to Manager and Stacey Geringer was promoted to Senior. Jennifer Sides was promoted to Human Resources Specialist and Lindsay Suelmann was promoted to Marketing Communications Specialist.
Click Full Article for further details on each promotion.
A growing interest in mergers and acquisitions is yet another sign that the economy is on the mend. And, since M&A transactions stalled during the recent recession, there's also a great deal of pent-up demand. If a buyout could be in your company's future, it's time to begin positioning your business to receive the optimum price. Solid preparation now will help you to fetch top dollar later. For a dozen key questions to ask, read on.
Fraud is not restricted to the corporate world. White-collar crime is becoming increasingly prevalent among the nation's not-for-profit sector, where oversight and internal controls tend to be less stringent. Click "Full Article" for a recounting of a scandal at a small not-for-profit group that contains lessons for all organizations.
If your business is operated as an S corporation, there's good news from the IRS about the deductibility of health insurance premiums you pay for coverage on yourself, your spouse and dependent children. Take a look at how the IRS has reversed itself. There might even be an opportunity to claim a refund on an amended return.
Before finalizing a divorce, it's critical to consult with your tax pro to make sure that you don't get hit with an unexpected bill from Uncle Sam. Here are some tax traps that a divorcing couple can fall into involving alimony, tax exemptions for the children, retirement savings and college costs.
Newsletter Archives
Michael J. Evans, CPA, Partner and Director, Tax Services Group
A growing interest in mergers and acquisitions is yet another sign that the economy is on the mend. And, since M&A transactions stalled during the recent recession, there's also a great deal of pent-up demand. If a buyout could be in your company's future, it's time to begin positioning your business to receive the optimum price. Solid preparation now will help you to fetch top dollar later. For a dozen key questions to ask, read on.
Fraud is not restricted to the corporate world. White-collar crime is becoming increasingly prevalent among the nation's not-for-profit sector, where oversight and internal controls tend to be less stringent. Click "Full Article" for a recounting of a scandal at a small not-for-profit group that contains lessons for all organizations.
If your business is operated as an S corporation, there's good news from the IRS about the deductibility of health insurance premiums you pay for coverage on yourself, your spouse and dependent children. Take a look at how the IRS has reversed itself. There might even be an opportunity to claim a refund on an amended return.
Before finalizing a divorce, it's critical to consult with your tax pro to make sure that you don't get hit with an unexpected bill from Uncle Sam. Here are some tax traps that a divorcing couple can fall into involving alimony, tax exemptions for the children, retirement savings and college costs.