by apexcpas | Jul 4, 2018 | Tax Planning
The Atlantic Monthly recently took note of a Florida law designed to preserve farmland by offering lower property taxes to farmers. According to the investigative report, enterprising developers and other landowners allow cattle to graze on their properties...
by apexcpas | Jul 4, 2018 | Tax Planning
A recent Tax Court decision serves as a reminder that couples should carefully scrutinize tax considerations in connection with a divorce. In this case, David LaPoint, a professional baseball player, entered into a postnuptial agreement (David LaPoint v. Commissioner,...
by apexcpas | Jul 4, 2018 | Tax Planning
The U.S. Supreme Court has handed down its final verdict on whether the IRS will have six years to consider assessing additional taxes on the gain from a sale. And the taxpayer won. Normally, the IRS has three years after a taxpayer files a tax return to assess any...
by apexcpas | Jul 4, 2018 | Tax Planning
The IRS has concluded that a manufacturer was able to deduct chargeback reimbursements it made to its wholesalers and distributors. The IRS said the manufacturer met the “all events test” and further concluded that the recurring-item exception to the...
by apexcpas | Jul 4, 2018 | Tax Planning
Wedding season is right around the corner. So, newlyweds and soon-to-be married couples need to think about their taxes – yes, really! For those who are recently married and others planning their nuptials, taxes are probably not high on your list of priorities....