Our Thoughts On Archive

Internal Revenue Service Disagrees with Stine Ruling on When Depreciation Starts

One benefit to owning a building is the ability to expense it over time. Tax depreciation starts on an asset’s “placed in service date,”

Red Flags in Reasonable Compensation

How does an IRS agent determine that an organization might have a reasonable compensation issue? We can look to the Reasonable Compensation Job Aid for

IRS to Revise Form 1023-EZ, Streamlined Application for Recognition of Exemption

On July 1, 2014, the Internal Revenue Service (IRS) introduced the highly scrutinized Form 1023-EZ, Streamline Application for Recognition of Exemption

New Estate Tax Portability Relief

The federal estate tax provides a lifetime exemption of $5,490,000 (for 2017) per person. That means that the first $5,490,000 of assets owned at death

IRS Grants Temporary Relief for Late Portability Elections

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

Safeguard an Important Benefit

Do you review? It is a great habit to cultivate. If you are employed, you typically have an annual open enrollment for benefits. Take time to review healthcare,