by apexcpas | Jul 4, 2018 | Tax Planning
Owners of qualified small business stock, other than shareholders who are corporations, may elect to roll over capital gain from the sale of the stock. To qualify for rollover treatment, replacement small business stock must be purchased within 60 days of the date of...
by apexcpas | Jul 4, 2018 | Tax Planning
The Departments of Treasury and Labor have unveiled two executive actions to expand the transparency of 401(k) fees and broaden the availability of retirement plan payout options. The purpose of these actions is to encourage the use of annuities to provide lifetime...
by apexcpas | Jul 4, 2018 | Tax Planning
It’s that time of year again when some tax preparers fill your television with commercials touting “big refunds.” While a large tax refund may sound like a good deal, keep in mind that a refund is your money. The only reason you get a refund is...
by apexcpas | Jul 4, 2018 | Tax Planning
The Internal Revenue Service released IRS Tax Tip 2012-12, Tax Help ‘en Español,’ on Jan. 19, 2012, as an addition to the plethora of tax tips and other information it publishes to assist taxpayers attempting to comply with the federal tax laws....
by apexcpas | Jul 4, 2018 | Tax Planning
It pays to remember that charitable contribution deductions have fairly strict substantiation requirements. For a transfer of property to a charitable organization to qualify for a deduction, the charitable, or donee, organization must substantiate a contribution of...