Tax

THE TAX CUT AND JOBS ACT – OVERVIEW

Introduced as the Tax Cuts and Jobs Act, the “Act to Provide for Reconciliation Pursuant to. Titles II and V of the Concurrent Resolution on the Budget for Fiscal year 2018,” P.L. 115-97 (“Tax Act”), was signed into law by…
Read more

Tax Reform Outlook Remains Uncertain

Lawmakers across party lines agree changes to the Tax Code are needed but appear increasingly at odds with one another over how best to tackle such reform and what progress is being made to achieve it. Add to that mix…
Read more

Trump’s Tax Reform Priorities Unveiled

By Paul Bonner The White House on Wednesday issued President Donald Trump’s goals and key features for tax reform, including slashed corporate tax rates, flattened individual marginal income tax brackets, and repeal of the estate and alternative minimum taxes. Trump…
Read more

Will the state take your client’s IRA? It can

Make sure clients are accessing their accounts or otherwise taking steps that would deem their accounts active By Ed Slott   |  September 16, 2016 – 2:44 pm EST Can the state really make off with your client’s IRA? Yes! It’s called…
Read more

A Fresh Look at Your Form 5500 Filing

  If your firm has a profit sharing plan, a 401(k) plan or some other tax-qualified retirement plan, then you have been given a Form 5500 to sign and file every year since your business adopted the plan. While the…
Read more

What is a Disregarded Entity?

A separate existence of a business entity generally does not eliminate its requirement to pay taxes and the requirement to file a tax return. In our March 2016 edition of Tax News, All About Business article Disregarded Entities, SMLLC –…
Read more