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With the finalization of the proposed Section 2704 regulations looming, individuals and their advisors should consider completing estate/gift tax planning or business valuation projects before year-end while the current tax
Let the fight begin! There has been a groundswell of protest against the Internal Revenue Service’s proposed Treasury regulations under Internal Revenue Code 2704, which were released in early August.
An interesting tax question arises when a taxpayer decides to sell land in bulk. To fully understand the issue, it is first necessary to describe the income tax strategy considered
Grossman Yanak & Ford LLP was recognized in the “Top Workplaces” feature published by the Pittsburgh Post-Gazette for the sixth year in a row. Evaluation for the awards is based upon results of employee surveys
Senate Finance Committee ranking member Ron Wyden, D-Oregon, released a discussion draft on September 8 of his proposed Retirement Improvements and Savings Enhancements (RISE) Bill. The Bill contains many taxpayer-friendly
Bob Grossman has been selected to Co-Chair a Special Committee of the National Association of Certified Valuators and Analysts (NACVA) and to prepare the organization’s response and comments to recently-released Treasury
In an unusual case (Scott Singer Installations, Inc., TC Memo 2016-161 (Tax Ct.)), and a taxpayer victory, the United States Tax Court has ruled that personal expenses paid by a
New rules put into place by the FAST Act prohibit anyone with “seriously delinquent tax debt” from obtaining a passport (and can cause previously-issued documents to be revoked). If you
A new rule to determine when certain employees must be paid for overtime becomes effective on December 1, 2016. This mandate has updated the minimum pay threshold for meeting exemptions
If assets purchased for business use meet certain qualifications, you can benefit from a special tax deduction commonly called “Bonus Depreciation.” Learn what purchases are eligible and what issues you
Learn how to take advantage of tax benefits on vehicles purchased or leased for use in business purposes. Read the article from the Fall 2016 GYF Perspectives.
State governments continue to seek additional revenue by aggressively pursuing taxes on out-of-state business transactions. It is important to understand the concept of “nexus” and how it may affect taxes
