Our Thoughts On Archive

IRS Announces Updates for Contribution Limits and Income Thresholds for Retirement Plans in 2018

Employees who participate in 401(k), 403(b) or 457(b) plans will be able to contribute up to $18,500 in 2018, up from $18,000 for 2017. This limit is aggregated

Pay as You Go, So You Won't Owe

The title of this article is the IRS’s catchy new slogan launched at the end of October to remind taxpayers that income tax should be paid in throughout

Proposed Regulations Affecting Valuation Discounts - New Update Provides Sigh of Relief

In August of 2016, the Internal Revenue Service (the “IRS”) proposed regulations that, if made final, would have extensive consequences on

IRS May Audit Deceased Spouse's Estate Tax Return if Portability Elected

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 introduced a new concept known as “portability” to the

IRS Obtains Favorable Ruling in Captive Insurance Case

Taxpayers with established captive insurance companies, or those considering such arrangements, should take notice of a recent Tax Court decision denying

Internal Revenue Service Midyear Report Card

National Taxpayer Advocate Nina Olson recently provided a midyear report card to the United States Congress, noting key observations regarding the performance