Employer Paid Tax-Free Educational Assistance Now Includes Up to $5,250 in Student Loan Repayment
Under Section 2206 of the CARES Act enacted in March of 2020, tax-free educational assistance to employees now also includes loan...
Section 199A 20% "Pass-through" Deduction and Rental Real Estate
Section 199A was added to the Internal Revenue Code under the Tax Cuts and Jobs Act of 2017 to provide non-corporate taxpayers with a 20%...
New Small Employer Health Reimbursement Arrangements (HRAs) Now Available to Small Businesses
On December 13, 2016, the 21st Century Cures Act was signed into law by President Obama. In addition to accelerating cutting-edge...
Court Rules "White-Collar" Overtime Rule Unlawful; DOL Files an Appeal
On November 22, 2016, a federal court in Texas issued a nationwide preliminary injunction blocking the Department of Labor (DOL) from...
Retirement Plan for Small Business -- 401(k) or SIMPLE-IRA?
Small business owners who want to provide their employees with a way to save for retirement in a tax-efficient manner have several...
S-corporation Shareholder Health Insurance
Businesses operating as S corporations have many of the same benefits of pass-through taxation as partnerships or LLCs taxed as...
Deferred Like-kind Exchange & New Construction
THE BASICS Generally, you recognize no gain or loss on the exchange of property you held for the productive use in a trade or business or...
New Rule on IRA Rollovers
Many taxpayers, at one time or another, need to transfer funds from one IRA to another IRA and generally have 60 days to do so. Taxpayers...
Is Roth IRA Right for You?
Roth IRAs (named after late U.S. Senator William Roth of Delaware who first proposed them in 1989) have been in existence since the...