IRS Issues Guidance on Performance-Based Compensation Plans of Publicly Traded Companies

Tax

By Martin DiGiovine

Internal Revenue Code Section 162(m) limits the deduction that publicly held corporations may take for some of their executive salaries in excess of $1,000,000. ... read more >

Important Reminder - FBAR due June 30, 2012

Tax

By Ron Kramer

The annual Report of Foreign Bank and Financial Accounts, (FBAR) for 2011, Form TD F 90-22.1, must be received by the Department of the Treasury on or ... read more >

Captive Insurance Companies: Planning for Risk Management and Wealth Accumulation

For those unfamiliar, a captive is a closely-held insurance company established by one or more business entities to insure and manage the risks of these ... read more >

2013 New Tax on Investment Income Provides Incentive to Form S-Corporation

Tax

By Dennis Mowrey

Under Current Sections (of the Internal Revenue Code) 3101(b), 3111(b), and 1401(b), a 2.9% Medicare tax is imposed on all wages and self-employment income. ... read more >

Some Recent Tax Noise from Congress

Tax

By Ron Kramer

On Extension of the Bush Tax Cuts On June 19, Senate Finance Committee Chairman Max Baucus, D-Mont., suggested that a temporary extension of the Bush-era ... read more >

Bush-Era Tax Cuts: They're Outta Here

Tax

By Evan Ogrodnik

Well, as of the date of this Insight anyway, these taxpayer-friendly provisions are set to expire December 31, 2012. What this means, for most individual ... read more >

New Form 990 Reporting of Partnership Interests Using K-1 Is Optional for 2011

In January 2012, the IRS published the 2011 Form 990, Return of Organization Exempt from Income Tax, and Form 990-EZ, Short Form Return of Organization ... read more >

House Ways and Means Committee Chairman Reveals Tax Agenda for the Remainder of 2012

Tax

By Ron Kramer

Speaking before the Washington-based Federal Policy Group’s seminar on tax and budget issues on May 17, House Ways and Means Committee Chairman Dave ... read more >

IRS Conducts Hearing on New "Repair" Regulations

Tax

By Ron Kramer

On May 9, the IRS held a hearing on the new temporary and proposed "repair" regulations it issued on December 28, 2011. Several prominent speakers ... read more >

Democratic Lawmakers Put S Corporations in Their Sights to Fund Freeze of Student Loan Interest Rates

Tax

By Ron Kramer

Democrats in the Senate and House have put forth companion bills aimed at funding the cost of lowering the interest rate on college student loans. The ... read more >