by apexcpas | Jul 4, 2018 | Tax Planning
The United States Department of Justice has announced that it has reached a plea agreement in a criminal charge against a bank director who voluntarily disclosed hidden offshore income without taking advantage of the IRS’s Offshore Voluntary Disclosure...
by apexcpas | Jul 4, 2018 | Tax Planning
Absent congressional action, employers will face a tax dilemma beginning July 1, 2011. The “temporary” 0.2 percent federal unemployment tax (FUTA) surtax is scheduled to expire June 30, 2011. The surtax is part of the 6.2 percent gross unemployment tax...
by apexcpas | Jul 4, 2018 | Tax Planning
Both government agencies and government contractors will need to prepare for the effects of new withholding rules. Tax law contains a provision that requires the federal government and every state and local government making payments for goods or services to withhold...
by apexcpas | Jul 4, 2018 | Tax Planning
A family limited partnership can be an effective estate planning tool. However, to be successful in removing future appreciation in value from the estate of a wealthy family member, it is important that the family limited partnership (FLP) meet strict guidelines, both...
by apexcpas | Jul 4, 2018 | Tax Planning
A recent private letter ruling illustrates the dangers inherent in using IRA funds as a source of short-term financing. Normally, you can avoid tax on a distribution from a traditional IRA if you roll the money over to another IRA or other eligible retirement plan...