Month:
Employee Benefits
IRS No Longer Intends to Amend RMD Rules: In Notice 2019-18, the IRS informed taxpayers that it no longer intends to amend the required minimum distribution (RMD) regulations under Code Sec. 401(a)(9) to address...
Automobile Depreciation Changes
IRS Provides Safe Harbor Accounting Method for Automobile Depreciation Deductions The IRS has provided a safe harbor method of accounting for determining depreciation deductions for passenger automobiles that qualify for...
IRS Pub. Includes New Schedules to Help Calculate Sec. 199A Deduction
The IRS issued a Publication 535 Draft Worksheet for tax year 2018. The publication reviews the computations necessary to calculate a taxpayer’s Code Sec. 199A deduction and includes several worksheets...
IRS Guidance Clarifies Certain TCJA Property-Related Changes
IRS Guidance Clarifies Certain TCJA Property-Related ChangesThe IRS clarified, and provided additional guidance with respect to, certain provisions involving amendments by the Tax Cuts and Jobs Act of 2017 relating...
Country Club Can’t Deduct Nonmember Event Losses From Investment Income
Country Club Can’t Deduct Nonmember Event Losses from Investment Income The Sixth Circuit affirmed a Tax Court decision disallowing a tax-exempt country club from using losses from unprofitable nonmember events...
Social Security Benefits to Increase 2.8 Percent in 2019
Social Security Benefits to Increase 2.8 Percent in 2019; Maximum Wage Base for OASDI Increases by $4,500 The Social Security Administration (SSA) issued cost-of-living information for the 2019 social security...
Taxpayer Was Independent Contractor, Notwithstanding Employee Status Indicated on Form W-2
The Tax Court held that an aerospace engineer who provided consulting services to a company through a temporary employment agency was a statutory employee, even though he received a Form...
Yours, Mine and Ours: Estate Strategies for Second Marriages
If you are one of the many Americans who are in a second marriage, you may need to revisit your estate strategy.¹ Unlike a typical first marriage, second marriages often...
Property Transferred to Family Limited Partnership Was Included in Decedent’s Gross Estate
Property Transferred to Family Limited Partnership Was Included in Decedent’s Gross Estate The Tax Court held that a decedent’s gross estate included the excess of the fair market value of...
- « Previous
- 1
- 2
- 3
- 4
- Next »