Our Thoughts On Archive

IRA Rollovers

On August 25, the IRS announced a new procedure to help people who miss the 60-day time limit for rolling over their retirement plan distributions into

The IRS is Rewriting the Rules on Valuation Discounts

On August 2, 2016, the Internal Revenue Service (the “IRS”) unveiled proposed regulations under Section 2704 of the Internal Revenue Code that

The IRS Makes Changes to Charitable Remainder Annuity Trust Rules

A charitable remainder annuity trust (“CRAT”) can be a powerful estate planning tool for taxpayers who wish to make charitable contributions

Pennsylvania Taxes Digital Downloads

Beginning August 1, 2016, the movies and music you have been downloading just got 6% to 8% more expensive for Pennsylvanians. As part of the new budget,

PATH Act of 2015 Requires Renewal of All ITIN Numbers Issued before 2013

Purpose of an ITIN Number The IRS issues Individual Taxpayer Identification Numbers (ITIN) to individuals who have U.S. tax filings and who do not have,

FASB Issues Long Anticipated Changes Affecting Not-For-Profit Reporting

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958)