Under IRC section 6676, the IRS has the authority to assess penalties against taxpayers for making erroneous claims for refund or credit. In a 2013…
Reassessing the Erroneous Refund Penalty
The IRS Flexes an Obscure Authority
Under IRC section 6676, the IRS has the authority to assess penalties against taxpayers for making erroneous claims for refund or credit. In a 2013…
ICYMI—Financial Planning Using Qualified Opportunity Zones
The Integration of Estate Tax and Income Tax Planning Is Now Complete
In Brief The Tax Cuts and Jobs Act of 2017 expanded the federal estate, gift, and generation-skipping transfer tax exemption amounts, dramatically changing the landscape…
Financial Planning Using Qualified Opportunity Zones
The Integration of Estate Tax and Income Tax Planning Is Now Complete
In Brief The Tax Cuts and Jobs Act of 2017 expanded the federal estate, gift, and generation-skipping transfer tax exemption amounts, dramatically changing the landscape…
ICYMI | A Snowbird Must Carefully Plan Its Flight
Establishing Tax Residency under the Laws of New York and Florida
New York residents sometimes relocate to Florida to take advantage of that state's more lenient tax laws (not to mention more moderate climate). While establishing…
(http://bit.ly/2yMsBi1), individuals gave $281.86 billion in 2016, nearly 4% more than the prior year. How do high-income taxpayers—defined here as income of $200,000 or more—fit…
Our Greatest Hits | Tax planning for distributions in kind (Estates & Trusts)
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
Birthdays can be important milestones for legal, financial, and tax purposes. For tax purposes, some rules apply on the date of a birthday, some apply…
Sifting through the Internet to find the answer to a specific question can be a daunting task. This article compiles some of the most useful…
In Brief Many strategies exist for transferring wealth from one generation to the next without running afoul of the estate tax. Most of these, however,…
40 Years of Losses, but Still Motivated to Profit
Applying the Results of a Recent Tax Court Decision
In Brief Many taxpayers have a hobby or sideline that they pursue in the hope of earning additional income. In calculating their profits from this…
My article was not meant as a “put-down,” but rather the exact opposite. For the past 60 years, Integrity Advisors Pension Consultants has been working…
There are several points in a business's life cycle that represent increased risk. One prime example is the buying or selling of all or part…
This tax year is shaping up to be another memorable one, given last-minute changes to the tax law, as well as the IRS’s efforts to…