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August 7, 2018 by Pete Finch
When the new tax law disallowed miscellaneous 2% deductions and personal exemptions, it was unclear how this would affect Estates and Non-Grantor Trusts. On 7/13/2018, the IRS issued Notice 2018-61 that announced the Treasury Department and IRS intend to issue regulations providing clarification. In general, some deductions and the personal...Read More
July 9, 2018 by Aaron Thomas
We have been contacted by several clients recently who received scam emails or phone calls “from the IRS”. Scammers will impersonate the IRS by sending emails which look like they are from the IRS or display caller ID which indicates a call from the IRS. If you receive communication from...Read More
June 12, 2018 by Sue Thompson
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 Leases early in 2016. The primary purpose of the new standard is to present on a balance sheet leases that otherwise would have been treated only as an expense in an income statement. The standard impacts those who...Read More