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Internet Domain Names: Capitalization or Amortization?

In a recently issued Chief Counsel Advice Memorandum (CCA 201543014), the IRS has concluded that costs incurred by a taxpayer to acquire internet domain

The EBSA Looks to Accelerate Plan Compliance

The Employee Benefit Security Administration (EBSA) recently began sending letters to 1,200 plan sponsors whose 2014 Form 5500 filings did not contain

Gift Tax Returns: What's With All the Questions?!

With the October 15 deadline for gift tax returns behind us, clients and other tax groups at Schneider Downs may have at times felt bombarded with questions

The Cadillac Tax: "The burden is expected to fall on wages"

Conclusions reached by a recent Congressional Research Service (“CRS”) report state that, although the Cadillac tax is imposed on insurers
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Passive Activity Losses Related to Real Estate Activities

Generally speaking, passive activities result from a business activity in which you do not materially participate. Any losses resulting from passive activities

Facebook CEO Mark Zuckerberg to Donate Fortune to Charity

Facebook’s Mark Zuckerberg and his wife, Dr. Priscilla Chan, celebrated the birth of their first child during Thanksgiving week. In an open letter
Tax
Evan Ogrodnik | 12.10.2015

All I Want for Christmas Is My Tax Extenders

‘Twas three weeks before the New Year and all through the land, no one was quite sure where the tax extenders stand. Men and women of Congress work

Residential Land Developers and the Completed Contract Method of Accounting

Under IRC Section 460(e), taxpayers that have large home construction contracts could defer taxable income until 95% of estimated costs have been incurred.
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ERISA
Patrick Kerns | 12.10.2015

A Few Reminders from the DOL on Appropriate Plan Operations

Often, some of the most helpful tools can be hiding in plain sight! The United States Department of Labor has an informative Frequently Asked Questions

Financial Accounting Standards Board (FASB) and Goodwill Impairment for Public Companies and Not-for-Profit Organizations

Recently, the Financial Accounting Standards Board (“FASB”) discussed whether and how to change the subsequent (post-transaction) accounting
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