Fall 2016

Fall 2016 Issue

Tax Strategies for Windfalls

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

Individuals may have financial windfalls because of a variety of occurrences. Some windfalls result from good fortune, such as winning the lottery or selling a business, while others result from...


Tax Strategies

Tax Aspects of Disasters

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

The flooding in parts of Louisiana on August 11, 2016, and in Florida on September 2, 2016, was devastating; both lives and property were lost. Property losses from this and...


Client Tax Tip

Tactics to Use When Preparing 1040s

Julie Welch, CPA, CFP

Be Alert for Digital Documentation Now that companies are going digital, many W-2s and Form 1099s are available digitally. This is a blessing since they may be more readily available when...


Financial Planner

Understanding Pay Options with the new DOL Regulations


This article is a follow up to the prior article which highlights the new regulations for the Fair Labor Standards Act (FLSA) from Department of Labor (DOL) raising the standard...


Feature Stories

Keeping It Civil, Not Criminal During IRS Audits

Adam S. Fayne, J.D.

In recent years, the IRS has been asserting more civil fraud penalties during the examination phase. While a civil fraud penalty may be expensive, many clients should be relieved that...


Editor Blog

The IRS Issues Final Treasury Regulations Governing R&D …

Peter J. Scalise

On October 3, 2016, the IRS issued Final Treasury Regulations setting forth guidance on research and development efforts in connection to Internal Use Software (IUS) for purposes of claiming the...


Technology Advisor

The PC Industry Needs to Evolve or Prepare for Extinction

Rick Richardson, CPA, CITP, CGMA

PCs are on almost every desk in the world and the installed base is measured in the hundreds of millions. Brian Krzanich, Intel’s latest CEO, recently announced a massive layoff...


What is Fog Computing?

Rick Richardson, CPA, CITP, CGMA

By now, you've probably heard of cloud computing. That’s where companies rent shared software, computers, and storage instead of buying and installing it all themselves in private data centers. They...


Tax Checklist

Checklist: 1040 Planning Idea

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

√ MULTI-GENERATION CRT Blended families are common, perhaps the norm (only about 20% of family units are comprised of traditional intact families). For many of these clients portability solves any estate...