FAMILY OFFICE & OTHER HNW MATTERS

In an effort to provide relief to those who suffered through recent winter storms, the IRS and California FTB have announced that many tax deadlines for affected Californians have been extended to October 16, 2023. Who does this impact? Most California individuals, businesses, and tax-exempt organizations are eligible for tax filing and tax payment extensions. […]

To help you make sure you don’t miss any important 2023 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. IRS extended return filing and […]

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 federal tax provisions. With inflation up significantly this year, many amounts increased considerably over the 2022 amounts. As you implement 2022 year-end tax planning strategies, be sure to take these 2023 adjustments into account. Download PDF > Individual Income Taxes Tax-bracket thresholds increase […]

Recently proposed regulations covered numerous topics, but one of the most noteworthy is an unexpected interpretation of the so-called “10-year rule” for inherited IRAs and other defined contribution plans. If finalized, these regulations could lead to larger tax bills for certain beneficiaries. Download PDF > Back in late 2019, the first significant legislation addressing retirement […]

The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) provides generous federal tax incentives to increase domestic production of semiconductors, while the Inflation Reduction Act (IRA) includes significant provisions related to climate change, providing federal energy related tax credits. Download PDF > Overview of the 2022 CHIPS Act The CHIPS Act combines […]

Americans are now making political contributions for the 2022 midterm elections. Many activities that support or oppose candidates for federal, state, and local offices are subject to federal and state campaign finance laws. The laws generally limit the sources and amounts of funds used to finance elections. The following are guidelines to avoid incurring federal […]

The IRS has eased filing requirements for pass-through entities required to file two new tax forms—Schedules K-2 and K-3—for the 2021 tax year. Certain domestic partnerships and S corporations won’t be required to file the schedules, which are intended to make it easier for partners and shareholders to find information related to “items of international […]

The Infrastructure Investment and Jobs Act that was signed into law in late 2021 includes new definitions and tax reporting requirements for cryptocurrency. Download PDF > An Overview of the Changes Under existing broker reporting rules, if you have a stock brokerage account, whenever you sell stock or other securities, you will receive a Form […]

HLB International recently released its 2021 Global Annual Review, noting that the network experienced major growth in revenue, offices, and cross-border locations. Download PDF > HLB International, the global advisory and accounting network, recently released its 2021 Global Annual Review, Reaching New Heights. In addition to outlining the impressive growth experienced last year, the report […]

To help ensure you don’t miss any important 2022 deadlines, we’ve provided this federal tax calendar summarizing when various tax-related forms, payments, and other actions are due. California and other states generally follow the federal filing deadlines, with certain exceptions. Please contact your Seiler tax advisor if you have questions about the deadlines or would […]