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2018 Year-End Tax Planning

As 2018 draws to a close, there is still time to reduce your 2018 tax bill and plan ahead for 2019. Over the past several months, we’ve digested the many tax law changes brought by the Tax Cuts and Jobs…
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Like-Kind Exchanges Now Limited to Real Property

Under the new tax reform law, like-kind exchange tax treatment is now generally limited to exchanges of real property, according to the IRS. The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect…
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Meals continue to be deductible under new IRS guidance

By Sally P. Schreiber, J.D.  (Sally.Schreiber@aicpa-cima.com) is a JofA senior editor. The IRS on Wednesday issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to…
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The Attorney General’s Guide for Charities

The Attorney General for the State of California has recently revised the state’s guide for charities.  Please follow the link below to download the revised guide: Attorney General’s Guide for Charities