—By Author IRS Section 2704 Proposed Regulations Could Eliminate Significant Estate Planning Technique for Family-Controlled Entities The IRS has issued Proposed Regulations under Internal Revenue Code § 2704 that may dramatically reduce the ability to apply discounts in valuing the interests... October 6, 2016
—By Author Avoid Double Taxation on Inherited Assets with IRD Deduction AAFCPAs would like to make clients aware of an often-missed tax deduction available to heirs of pre-tax assets, such as: retirement plan assets, IRA distributions,... September 27, 2016
Individual, Family & Fiduciary Tax Mass Murder May Lead to Charity Scams and Identity Theft AAFCPAs would like to make clients aware of a recent consumer alert issued by the IRS warning taxpayers about the possible emergence of fake charity... June 27, 2016
Business Tax MA DOR Announces Tax Amnesty 2016 AAFCPAs would like to make you aware that the Massachusetts Department of Revenue (DOR) has recently announced a 2016 Tax Amnesty Program, open to all... March 21, 2016
Business Tax A View from the Trenches: Handling the IRS, clients and the other frustrations of tax filing season AccountingToday.com | AAFCPAs Co-Managing Partner Dave McManus believes now is the time to educate clients regarding tax planning as a year-round exercise. "We’re not looking solely at the... March 1, 2016
Legislative & Regulatory Updates Congress to Vote on Tax Extender Bill Friday On Tuesday night, Congress reached an agreement on a year-end spending and tax deal that includes the much anticipated tax “extender” provisions. The tax bill... December 16, 2015
Legislative & Regulatory Updates Tax Planning Guide for Individuals and Businesses Year-End 2015 AAFCPAs is pleased to provide you with detailed tax planning guides that we know you will find helpful in navigating the numerous tax updates taking... December 15, 2015
Business Tax AAFCPAs Warns of Recent IRS-Impersonation Identity Theft Scam We have been alerted that a number of taxpayers are receiving emails from scammers who are disguising themselves as IRS agents. Generally, the IRS does... December 2, 2015
Business Tax Reduce Your Corporate or Partnership Income Tax for 2015 For every business, there is a lot at stake when it comes to tax. AAFCPAs wants you to take full advantage of all available tax... November 18, 2015