Blog

John Csargo | Jan. 23, 2018

Is the Cost of the Company Party Deductible Under the New Tax Law?

As we uncover the details associated with the Tax Cut and Jobs Act and apply the rules to the real-world…

John Csargo | Jan. 23, 2018

Checklist of Common Estate Tax Audit Triggers

About nine percent of the estate tax returns reporting gross estates of $5 or more were audited by the IRS…

Chris Wittich | Jan. 23, 2018

Deep Dive on 529 Plans

With federal changes to the way 529 plans work in Dec 2017 and MN changes to the way 529 plans…

John Csargo | Jan. 22, 2018

New Tax Law Eases Rules for Bonus Depreciation

The Tax Cuts and Jobs Act effectively lowers the cost of acquiring capital assets by making substantial changes to the…

Tom Margarit | Jan. 22, 2018

Making the right choice about your office space

For many companies, there comes a time when owners must decide whether to renew a lease, move on to a…

John Csargo | Jan. 22, 2018

Eight Factors Indicating a Buy/Sell Agreement Needed

1. Liquidity: The owners want to ensure a ready market for their ownership interests (in the event of death, disability,…

Chris Wittich | Jan. 22, 2018

Three Flavors of Form 1095 – A, B, C

There are three different flavors of Form 1095 and most people don’t know much about them, so what’s the scoop…

Stacy Shaw | Jan. 22, 2018

Can Hiring Your Kids Save on Taxes?

School is out and you are wondering how to keep your kids occupied for the summer – why not think…

John Csargo | Jan. 22, 2018

How do the tax reform proposals affect my business?

Here is a recap of the proposals in both the House and the Senate, that could affect your business in…

John Csargo | Jan. 22, 2018

2018 Tax Bill Update

Republican House and Senate negotiators released a final tax bill on Friday bridging differences between the House and Senate bills…

Chris Wittich | Jan. 19, 2018

What is UNICAP?

UNICAP is short for Uniform Capitalization.  That probably doesn’t even help explain it.  The IRS Code Section 263A is all…

Chris Wittich | Jan. 19, 2018

Built-In Gains Tax is a BIG Bad Wolf

Built-in Gains tax is a BIG bad wolf.  Every business owner should strive to avoid the built-in gains (BIG) tax…

Chris Wittich | Jan. 17, 2018

US Expats in Canada

The largest subset of US expats are living in Canada. Our neighbor to the north is the place where we…

Chris Wittich | Jan. 17, 2018

Tax Breaks for Expats

If you are a US expat, the requirement to file a US tax return can be painful but the tax…

Chris Wittich | Jan. 17, 2018

What are the FBAR requirements?

What is the FBAR (also known as FinCen Form 114), and why is it so important? An FBAR is a…

Chris Wittich | Jan. 17, 2018

What is a US Expat?

What is a US expat? An expat is a US citizen who is living in a foreign country. For some…