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Alerts & Articles

MAR
14
2017

Accounting Insights – March 2017

This newsletter covers helpful information on how to understand upcoming changes to accounting standards. The Current Expected Credit Loss Model (CECL): Are You Ready? In this report, we focus on the current expected credit loss model presented in ASU 2016-13 and its impact on accounting for loan losses by financial institutions. READ MORE > ASU […]

MAR
09
2017

Appellate Court Rules against California FTB on LLC

California tax officials will not appeal an appellate court ruling that an out-of-state corporation with a small interest in a California investment fund doesn’t owe the state’s $800 minimum franchise tax because it was not “doing business” in California.

JAN
27
2017

2017 Inflation-Adjusted Figures for Trust, Estate and Gift Tax

Here is a brief overview of the anticipated 2017 figures related to estate and gift tax as well as taxes on foreign gifts and foreign income.

NOV
22
2016

Significant Tax Changes Anticipated with a Trump Presidency & Republican House

In the wake of the election results, veteran Washington analysts are suggesting that major tax changes for individuals and businesses may be more likely than not in 2017 or 2018.

SEP
30
2016

Trust & Estate Insights September 2016

INSIDE THIS ISSUE • When an Inheritance Is Too Good to Be True: How Income in Respect of a Decedent Works • Know Your Options for Business Interest Transfers • Beware the Transfer-for-Value Rule When Dealing with Life Insurance • The Section 1031 Exchange: Why It’s Such a Great Estate Planning Tool

AUG
09
2016

Proposed Regulations Might Affect Your Estate Plan

Last spring, the IRS and U.S. Treasury announced upcoming changes to how equity is valued in family-owned entities, such as closely-held corporations, partnerships or LLCs. On August 4, the IRS formally published those proposed rules.

MAR
04
2016

New Lease Accounting Standard

After several years of development, the FASB has issued ASU 2016-02, which supersedes FASB ASC 840.

JAN
13
2016

For Joint Title Presumption to be Valid, Family Code § 852 Requirements Must be Met

The trial court determined when the husband added his wife as a partner in a modification of a partnership agreement; it converted the husband’s separate property interest to community property, and ordered the husband to pay the wife’s attorney fees and costs. The husband appealed asserting that his partnership interest was his separate property, regardless […]

DEC
23
2015

Favorable Tax Extenders Enacted

On December 18, 2015, the President signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH). The Act retroactively extends many favorable tax provisions that had expired at the end of last year. Some of the provisions are made permanent by the Act.

NOV
12
2015

Real Estate Insights November 2015

INSIDE THIS ISSUE • New Accounting Rule for Revenue Recognition • Should I Improve Energy Efficiency in My Industrial Properties? • Property Tax Assessments • How Can I Benefit from Carbon Credits?

SEP
17
2015

Trust & Estate Insights September 2015

INSIDE THIS ISSUE • Life Insurance – A Powerful Estate Planning Tool for Nontaxable Estates • 4 Ways to Transfer a Family Business • The BDIT – Realize Estate Planning Benefits while Retaining Control • 21st Century Estate Planning Accounts for Digital Assets

SEP
04
2015

Major Changes to 2016 Tax Year Deadlines

Recently the President signed a new law that changes the due dates for partnerships, corporations, estates and trusts, and individuals with foreign accounts. The law is known as P.L. 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.

JUL
29
2015

It’s April in July: Time for a Mid-Year Tax Checkup

Once the summer hits, it’s tempting to detach from the daily grind and focus on vacations and summer projects. But we want to encourage you to spend 15 minutes with your accountant now, to save time and effort later. Some of these ideas may apply to you, some to family members, and others to your […]

MAY
30
2015

Non-Profit Insights May 2015

May 2015 Inside this Issue Non-Profits Going Global – Don a Sleuthing Cap before Expanding Internationally Many non-profits today look beyond U.S. borders to boost revenue. They recruit members, sell products, promote conferences and solicit donations. Before you “raise your flag” in a foreign country, though, take stock. Here are five areas to research before […]

JAN
16
2015

The Importance of Disclosing Community Property, No Matter What It’s Worth

What did the court rule? In a divorce trial, the wife asked for sanctions against the husband, because he did not disclose a retiree medical benefit among other community property. The trial court declined to consider this sanction, because it was the husband’s position that the “asset had no value.” The wife appealed this, among […]

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