Newsletters

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  • Court says international financing was debt, not equity September 14, 2016 The U.S. Tax Court held that the financing of a sale of partnership interests by a foreign seller to a U.S. buyer was not debt, but equity. The court found that ...
  • Documentation is the key to business expense deductions September 13, 2016 If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions. Here are two recent U.S. Tax Court cases that ...
  • IRA Charitable Donations: An Alternative to Taxable Required Distributions September 8, 2016 You can make cash donations to IRS-approved charities out of your IRA using so-called “qualified charitable distributions” (QCDs). This strategy may be advantageous for high-net-worth individuals who have reached age 70 ...
  • Are frequent flyer miles ever taxable? September 8, 2016 Are frequent flyer miles ever taxable?
  • DOL liberalizes views on economically targeted investments September 8, 2016 The U.S. Department of Labor (DOL) has reversed guidance it issued in 2008 with respect to retirement plans’ allocating funds to economically targeted investments (ETIs) that consider environmental, social and ...
  • DOL fiduciary rule rocks plan investment advice landscape September 8, 2016 When the final version of the U.S. Department of Labor’s (DOL’s) fiduciary standards rule for advisors to retirement plans was issued in April, the wait for the long-anticipated regulatory package ...
  • Perception isn’t reality September 8, 2016 EBRI study reviews retirement preparedness The Employee Benefit Research Institute’s (EBRI’s) 2016 “Retirement Confidence Survey” provides helpful insights on employee behavior and benchmarking data for plan sponsors striving to help their ...
  • Advise DB plan participants carefully on lump sum window opportunities September 8, 2016 There are sound reasons why defined benefit (DB) plan sponsors may offer participants lump sum payout windows. Principal among them: lowering the plan’s financial exposure, thereby providing greater long-term financial ...
  • Discriminatory plans that meet statutory requirements September 8, 2016 The IRS issued a warning to plan sponsors whose plan designs satisfy numeric antidiscrimination tests, yet still have the effect of steering a disproportionate amount of benefits to highly compensated ...
  • COMPLIANCE ALERT September 8, 2016 Upcoming compliance deadlines: 9/15 Extended deadline for corporate tax returns 9/15 Extended deadline for partnership tax returns 9/30 Summary Annual Report (SAR) due for Form 5500 that was due July 31, unless ...