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ALERTS AND ARTICLES
Stay up to date with the most recent industry news and what’s happening at Topel Forman
Take advantage of the gift tax exclusion rules (October 3, 2019)
With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.
The chances of an IRS audit are low, but business owners should be prepared (October 2, 2019)
As a business owner, are you worried about being audited by the IRS? Here’s what you need to know to be prepared for an audit and respond effectively.
Sec. 6166: Estate tax relief for family businesses (October 1, 2019)
Frequently, heirs of successful entrepreneurs are forced to sell off business interests at “fire sale” prices to help pay a federal estate tax bill. Taking advantage of Internal Revenue Code Section 6166 can ease the tax bite.
When is tax due on Series EE savings bonds? (September 26, 2019)
If you own Series EE bonds, check the issue dates on your bonds. If they’re no longer earning interest, you probably want to redeem them. Read this article to learn more on that and how the interest on the bonds is taxed.
IRS provides additional guidance on bonus depreciation under the TCJA (September 25, 2019)
Final IRS regulations (along with additional proposed regs) for the first-year 100% bonus depreciation deduction have been published. Do you know how they might affect your business’s tax bill?
5 ways to withdraw cash from your corporation while avoiding dividend treatment (September 24, 2019)
Dividends paid out by corporations are taxable to shareholders and can’t be deducted by the corporation. But there may be ways to get cash out of your corporation without dividend treatment. Here are five ideas.
Control how your charitable gifts are used by adding restrictions (September 19, 2019)
Depending on how you look at it, restrictions can be a plus or a negative. When it comes to preserving your charitable legacy, placing restrictions on how charities can use your gifts is a definite positive.
Uncle Sam may provide relief from college costs on your tax return (September 18, 2019)
Want to offset the high cost of college? There may be a federal tax credit for higher education costs that you can claim. Here are the basic details.
Budgeting is key to a successful start-up (September 17, 2019)
Navigating a start-up business without a financial roadmap can be perilous. Here’s how to jumpstart the budgeting process.
For best results, start your strategic planning early (September 12, 2019)
“Wait ’til next year” is the sad refrain of many sports fans. Business owners, however, shouldn’t wait until next year to start strategic planning. Begin this important effort now.
Getting a divorce? There are tax issues you need to understand (September 10, 2019)
Getting a divorce can be a painful process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the process of getting a divorce.
Take intrafamily lending to the next level by establishing a family bank (September 9, 2019)
If you’re ready to “go pro” with your intrafamily lending activities, a family bank may be the answer.
No results found.
Take advantage of the gift tax exclusion rules (October 3, 2019)
With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.
The chances of an IRS audit are low, but business owners should be prepared (October 2, 2019)
As a business owner, are you worried about being audited by the IRS? Here’s what you need to know to be prepared for an audit and respond effectively.
Sec. 6166: Estate tax relief for family businesses (October 1, 2019)
Frequently, heirs of successful entrepreneurs are forced to sell off business interests at “fire sale” prices to help pay a federal estate tax bill. Taking advantage of Internal Revenue Code Section 6166 can ease the tax bite.
When is tax due on Series EE savings bonds? (September 26, 2019)
If you own Series EE bonds, check the issue dates on your bonds. If they’re no longer earning interest, you probably want to redeem them. Read this article to learn more on that and how the interest on the bonds is taxed.
IRS provides additional guidance on bonus depreciation under the TCJA (September 25, 2019)
Final IRS regulations (along with additional proposed regs) for the first-year 100% bonus depreciation deduction have been published. Do you know how they might affect your business’s tax bill?
5 ways to withdraw cash from your corporation while avoiding dividend treatment (September 24, 2019)
Dividends paid out by corporations are taxable to shareholders and can’t be deducted by the corporation. But there may be ways to get cash out of your corporation without dividend treatment. Here are five ideas.
Control how your charitable gifts are used by adding restrictions (September 19, 2019)
Depending on how you look at it, restrictions can be a plus or a negative. When it comes to preserving your charitable legacy, placing restrictions on how charities can use your gifts is a definite positive.
Uncle Sam may provide relief from college costs on your tax return (September 18, 2019)
Want to offset the high cost of college? There may be a federal tax credit for higher education costs that you can claim. Here are the basic details.
Budgeting is key to a successful start-up (September 17, 2019)
Navigating a start-up business without a financial roadmap can be perilous. Here’s how to jumpstart the budgeting process.
For best results, start your strategic planning early (September 12, 2019)
“Wait ’til next year” is the sad refrain of many sports fans. Business owners, however, shouldn’t wait until next year to start strategic planning. Begin this important effort now.
Getting a divorce? There are tax issues you need to understand (September 10, 2019)
Getting a divorce can be a painful process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the process of getting a divorce.
Take intrafamily lending to the next level by establishing a family bank (September 9, 2019)
If you’re ready to “go pro” with your intrafamily lending activities, a family bank may be the answer.
No results found.
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