Yes, Divorce Can Be Taxing and the Cost is Set to Rise in 2019

Jan 17, 2019 | Tax

Divorce is expensive. Aside from the emotional toll divorce takes on a family, both the process and aftermath of a divorce can be costly. Below we look at some of the steps people can take to help remove the tax sting out of an already challenging time and arrive at...

Consideration Of Non-Cash Contributions

Jan 16, 2019 | Benefit Plan Audits

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 trigger prohibited transactions under...

Preparing for Your 2018 Tax Return

Jan 15, 2019 | Tax

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 income for large families. However, enhancements to the standard deduction...

Understanding the Gift Tax

Nov 28, 2018 | Tax

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. Here are eight tips you can use to figure out whether your gift is taxable. Most gifts are not subject to the gift...