by apexcpas | Jul 4, 2018 | Tax Planning
The Department of the Treasury announced that 17 community banks across the country received a total of $214 million as part of the next wave of funding provided through the Small Business Lending Fund (SBLF). The SBLF, which was established as part of the Small...
by apexcpas | Jul 4, 2018 | Tax Planning
A recent Tax Court case serves as a reminder of the importance of contemporaneous documentation. Over a period of years, Thomas Kaider provided a number of services to his uncle, Edward Quinn. Some of these services related to Quinn’s businesses, and some were...
by apexcpas | Jul 4, 2018 | Tax Planning
If you own stock in a small business corporation, check to see whether you qualify for an important tax break. Since 1993, the tax law has contained a tax exemption for part or all of the gain that individuals realize on the sale of qualified small business stock that...
by apexcpas | Jul 4, 2018 | Tax Planning
As a result of changes made by the Affordable Care Act, health coverage provided by your employer for your children under 27 years of age is generally tax-free. Effective March 30, 2010, this expanded healthcare tax benefit applies to various workplace and retiree...
by apexcpas | Jul 4, 2018 | Tax Planning
In a recent case, the Tax Court ruled that payments made to caregivers for providing physician-ordered assistance and supervision to a patient suffering from dementia qualified as long-term care services and were thus deductible amounts paid for medical care. The...