Business Tax 2016

Business Tax 2016 Issue

New Tax Rules for Business Tax Returns

Sidney Kess, CPA, J.D., LL.M.

The Protecting Americans from Tax Hikes (PATH) Act (P.L. 114-113), which was signed into law on December 18, 2015, contains over 100 tax provisions. The law makes permanent more than...


Tax Strategies

Required Minimum Distributions: Year End Issues

Sidney Kess, CPA, J.D., LL.M.

The end of the year is the deadline for most individuals with qualified retirement plans and IRAs to take their required minimum distributions (RMDs) if they have attained age 70½...


Client Tax Tip

You Can Claim Lifetime Learning Credits for Continuing Educa…

Julie Welch, CPA, CFP

You can offset the costs of higher education with two credits: the Lifetime Learning credit and the American Opportunity tax credit. The Lifetime Learning credit provides for a broader range...


Financial Planner

Signing Up for Medicare


Most people do not know they can incur penalties by not signing up for Medicare when they become eligible. It is very important for you to pay attention to the...


Feature Stories

Lack of Collaboration Is Costing Accountants

Tim Deluca Smith

Employees, suppliers and customers are often spread across different buildings, cities, countries and even continents. All need secure access to workplace information anytime, anywhere. Accountancy firms are no exception.   To...


Editor Blog

Lewis Testifies at Congressional Committee

T. Steel Rose, CPA, ACS Editor

Chairman of the AICPA Tax Section’s Tax Executive Committee, Troy Lewis, CPA, testified before the Small Business Committee of the U.S. House of Representatives in July of last year to...


IRS Representation Advisor

IRS Posts New Forms for Offers in Compromise

E. Martin Davidoff

On December 31, 2013, the IRS posted the January 2014 revision to Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, to be used for offers in...


Tax Checklist

Checklist: Single Membership LLC Creative Planning Applicati…

Martin M. Shenkman, CPA, MBA, PFS, AEP, JD

Limited liability companies (LLCs) are ubiquitous in client planning. The default format for most new business and investment endeavors is to recommend the client use an LLC unless there is...