How recent legislative updates impact your deduction strategy Recent changes to the State and Local Tax (SALT) deductions cap are reshaping tax planning strategies. For high-income earners and business owners,…
…of the organization’s mission. Whether your organization is planning an auction or charity run, you need to plan it carefully with three main goals in mind: to create a memorable…
…this process is typically governed by a shareholder’s agreement (or buy-sell agreement). Through proper planning, the agreement can be structured in order to mitigate an excess tax burden on a…
…advisors: 1. Tax Diversification Roth accounts offer tax-free growth and withdrawals, an attractive hedge if you anticipate higher tax rates in retirement. This change forces a reassessment: How balanced is…
…or ITIN, Taxpayer’s adjusted gross income on the most recently filed income tax return is below $73,000 for Single taxpayer or $146,000 for Married Filing Joint taxpayers, respectively AND Taxpayer…
…will need to consider. The article, “Excess Business Loss: New Tax Law Not as Generous as Before”, by Stephanie Casey, a Tax Senior Manager, provides an overview of this new…
Read our in-depth summary of the Tax Cuts and Jobs Act of 2017. A historical tax reform law that impacted individuals and businesses….
…McGuireWoods and included a primer on tax and legal considerations startups face in the first part of the video. The second part of the video includes a conversation with Carolyn…
The IRS Opens New Web Portal for Taxpayers to Submit Direct Deposit Information for Economic Impact Statements Taxpayers who are not required to file annual returns can use the IRS’…
…tax planning and modeling of after-tax cash flows from various transaction structures, due diligence assistance, and negotiation of various terms of the transaction. Carroll also regularly creates opportunities for clients…
…activity, they risk the revocation of its tax-exempt status as well as the imposition of an excise tax. What political activities are prohibited and what activities are allowed? 501(C)(3) organization…
…if 2020 Q4 gross receipts fell by more than 20% when compared to 2019 Q4. The lower rate for 2021 allows more taxpayers to tax advantage of the ERC. If…