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Time to Pay Attention to Congressional Tax Proposals

Government|Tax

By Mark Cobetto

For the past many years, there has been a steady stream of proposals regarding tax reform coming from Washington, D.C. Up until now, the proposals all ... read more >

Support for Your Charitable Contributions: Rules for Reporting Cash and Property Deductions

It’s that time of year when we start gathering tax documents to put together our 2015 individual tax returns. Most of the documents that support ... read more >

Implementing the New Tangible Property Regulations - A Little Pain for a Lot of Gain

Now that we’re through the first wave of tax filings for the 2014 tax year, it’s a good time to reflect on our experiences in helping clients ... read more >

IRS Announces Changes to the Offshore Voluntary Disclosure Program

UPDATE on November 12, 2015: The IRS recently announced increasing participation in Offshore Compliance Programs and urged U.S. taxpayers with undisclosed ... read more >

Favorable Change to FATCA Regulations for Offshore Captive Insurance Companies

On February 20, 2014, the IRS issued the latest set of regulations to clarify and amend the Foreign Account Tax Compliance Act (FATCA) final regulations ... read more >

Court's Ruling Adds More Bite to Subpart F

The U.S. Tax Court of Appeals for the Fifth Circuit has recently ruled that Subpart F income should be taxed as ordinary income rather than as qualified ... read more >

S-Corp vs. C-Corp - Time for Ohio Businesses to Reconsider

Tax

By Mark Cobetto

For years, the recommended choice of entity for most family-owned businesses has been the S-corporation or the LLC/partnership (“pass-through entity”), because the income of the business is taxed only once, directly to the individual owners.... read more >

Budget Proposals Could Make US Companies Less Competitive in the Global Economy

In recent years, there have been numerous studies by Congressional committees relative to reform of the US international tax regime. One of the major concerns ... read more >

Manufacturers With Export Sales Should Consider a DISC

Tax

By Mark Cobetto

One of the often overlooked federal income tax incentives for U.S. manufacturers with export sales involves the use of a Domestic International Sales Corporation ... read more >