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IRS OPEN ON SATURDAY

We want to remind everyone that the IRS will have face-to-face help available tomorrow, Saturday, March 12, 2022, at specific locations throughout the country. As we reported last month, the IRS is working to improve the client experience, which includes in-person meetings with no appointment required on the second Saturday of the month. The following […]

IRS Proposes New Rules for Required Minimum Distributions

Last month, the IRS proposed new rules related to Required Minimum Distributions (RMDs) from qualified plans, section 403(b) annuity contracts, custodial accounts, and retirement income accounts, as well as individual retirement accounts and annuities and eligible deferred compensation plans under section 457. The purpose of the proposed regulations is to update the regulations to reflect […]

Proposed tax changes mentioned during the State of the Union Address

Last night, the President gave his first State of the Union address. Items that piqued our interest included proposed tax rates for corporations, oil, jobs, minimum wage, manufacturing and of course, the economy. Minimum Tax Rate for Corporations in the US and Worldwide The President stated that he proposed a 15% minimum tax rate for […]

Tax Planning is a Year-Round Process

Tax planning is a year-round process and should be used as a proactive, strategic tool in your business and personal arsenal. With just 61 days remaining in the current tax season, (based on the current deadline of April 18, 2022), if you did not have a tax plan in place for yourself or your business […]

IRS Working to Improve the Client Experience

As we reported last month, the IRS is having a tough time handling the backlog of millions of unprocessed returns and correspondence with a reduced staff. Awareness of the backlog and delays has led the agency to work on improving the client experience during the current tax season. According to a recent press release, “the […]

Word to the Wise – January/February 2022

Welcome 2022! Our first issue of Word to the Wise contains articles to help you plan your year as well as helpful tips for tax season. Our titles include: As always, if you have questions regarding any of our publications, please reach out to us at any time. To read this issue, please click on […]

Valuation and Litigation Briefing – January/February 2022

In our first Valuation and Litigation Briefing newsletter of 2022, the following topics and articles are featured: Valuing Health Care Providers in the Age of COVID-19 Badgley v. United States: Entire Value of GRAT Includible in Grantor’s Estate Valuation Matters in Liquidation Minority Partner Buyouts: To Discount or Not to Discount? Tennessee appeals court rejects […]

CONTRACTOR NEWSLETTER – January/February 2022

Welcome to the first issue of Contractor in 2022. As we start the new year, our cover story is about construction accounting. In this article, the focus is on the finer points of a classified balance sheet. Additional articles in this issue include: Look into licensing before bidding out of state 9 common insurance policies […]

Seidman Quoted In Jewish Exponent

Eric Seidman, CPA, MBA, Partner, was quoted in the January 27, 2022, edition of the Jewish Exponent. In this article, local accountants were asked to share advice for the 2022 tax season. Eric discussed the child tax credit. To read the entire article, click here. As always, if you have questions about this topic or […]