Posted on February 11, 2019

Effective 1/1/2017 Internal Revenue Service (IRS) eliminated the staggered 5-year remedial amendment cycle for individually designed plans (IDP) on which auditors relied to verify the Plan’s tax qualified status. In...

Posted on January 16, 2019

Plan Sponsors may consider contributing non-cash assets into the Plan;  typical non-cash contributions include corporate shares and real-estate assets. However, if you’re considering such contributions, be alert as they may...

Posted on January 15, 2019

The Tax Cuts and Jobs Act (TCJA) made many changes to personal returns. For example, for 2018 through 2025, the personal exemption has been suspended. This will substantially increase taxable...

Posted on November 28, 2018

If you gave money or property to someone as a gift, you might owe federal gift tax. Many gifts are not subject to the gift tax, but there are exceptions....