Watch out for potential tax pitfalls of donating real estate to charity
Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income …
Yes, you can undo a Roth IRA conversion
Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free …
Tax Deadlines Approaching
Tax extension deadlines are approaching fast for returns with a calendar year end.
Individuals 1040 – …
Material participation key to deducting LLC and LLP losses
If your business is a limited liability company (LLC) or a limited liability partnership (LLP), you know that …
Is one of your nonprofit’s board members behaving badly?
Your not-for-profit has probably spent a lot of time and effort attracting board members who have the knowledge, …
Will Congress revive expired tax breaks?
Most of the talk about possible tax legislation this year has focused on either wide-sweeping tax reform or taxes …
6 ways to control your unemployment tax costs
Unemployment tax rates for employers vary from state to state. Your unemployment tax bill may be influenced by …
Reporting collaborative activities: A complex issue for nonprofits
More and more not-for-profits are joining forces to better serve their clients and cut costs. But such relationships …
A refresher on the ACA’s tax penalty on individuals without health insurance
Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the …
ESOPs offer businesses tax and other benefits
With an employee stock ownership plan (ESOP), employee participants take part ownership of the business through a retirement …