Insights
Payroll Tax Deferral Option
On August 8, 2020, President Trump issued a presidential memorandum, authorizing employers to defer collecting and paying the employee portion of federal payroll taxes (only the 6.2% for Social Security) from September 1, 2020 until December 31, 2020. On Friday,...
C.A.R.E.S. Act and Retirement Plans
Employees may want to know whether they can receive distributions or loans from their §401(k) plan to confront financial challenges resulting from the COVID-19 virus. The CARES Act includes several provisions affecting §401(k) distributions and loans potentially...
Depreciation Recapture
Our firm often deals with the proper treatment of certain dispositions of property on which businesses claimed depreciation deductions. Under the depreciation recapture rules, when a taxpayer disposes of property for which depreciation deductions were claimed, some or...
Limitations on Pass-Through Losses from S-Corporations
An S corporation's tax items generally pass through to shareholders on a pro rata basis and are reportable by S corporation shareholders in the shareholder's taxable year in which the S corporation's year ends. These items are subject to the various limitations...
The Inner Workings of Opportunity Zones – 11/14/2019
Please use the link below to download a PDF file containing reference slides from today’s presentation. The Inner Workings of Opportunity Zones Authored by Chris Judy & Thomas Crawford
The New Math of Municipal Bonds
Stock market volatility has some investors thinking about putting some money into bonds, which historically have offered relatively stable prices. One key decision facing bond market investors is whether to choose regular, taxable bonds or tax- exempt municipal bonds....