Business Tax AAFCPAs’ Guidance in the Home Stretch for 2016 Year-End Tax Planning Throughout the year, AAFCPAs shares insights designed to help individuals and businesses manage their tax liabilities in light of each person or company’s unique circumstances--and... December 22, 2016
Business Tax 2017 Standard Mileage Rates The IRS has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or... December 15, 2016
Business Tax New President, Congress May Mean Changes to the Federal Gift and Estate Tax With a new President and Congress, AAFCPAs anticipates there will likely be major changes to our tax code in a year or two. Among those... December 13, 2016
Business Tax Tax Return Due Dates & Filing Extensions Changed In a 2015 highway funding bill, Congress & the IRS announced changes to due dates for partnership and corporate tax returns, as well as FinCEN... November 30, 2016
—By Author How Will the Election Impact Your Taxes? As the 2016 US Presidential Election approaches, AAFCPAs’ Richard Weiner shares his viewpoints on the short and long-term tax impact Clinton or Trump presidency may... November 3, 2016
—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
—By Author Form SF-SAC Submission for Single Audits Deadline Extended The U.S. Office of Management and Budget (OMB) created, but has yet to issue its new data collection form (Form SF-SAC) applicable to single audits... June 29, 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