Searching Content indexed under Tax by Steven Gorin ordered by Published Date Descending.
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Highlights From The Simply Tax Podcast: How To Choose An Entity For A Family Business (Video)
Choosing to structure a business as a C corporation, an S corporation, or an entity taxed as a partnership (often an LLC) is no simple decision
United States
24 Jan 2019
Unpacking The New Qualified Business Income Deduction For Real Estate Rentals
The 2017 tax reform introduced a deduction generally equal to 20% of qualified business income (QBI) or the taxpayer's taxable income, subject to certain limitations.
United States
12 Oct 2018
Sweeping Tax Reform Necessitates Review And Analysis Of Form Of Entity
Generally effective Jan. 1, 2018, the most sweeping tax reform in a generation (legislation originally known as The Tax Cuts and Jobs Act (the "Act")) requires many managers ...
United States
9 May 2018
Converting From An S Corporation To A C Corporation
Effect of 2017 Tax Reform on Choice of Business Entity summarizes considerations in choosing whether to continue being an S corporation or convert to a C corporation.
United States
13 Mar 2018
Developments In FICA And Self-Employment Tax Affect Partners And S Corporations
I was recently honored to serve as a guest columnist in the June 2017 "Shop Talk" column in WG&L's Journal of Taxation.
United States
21 Jul 2017
IRS Gets Upper Hand In S Corporation Compensation Audits
Any compensation the owner receives is subject to FICA tax, which imposes an equivalent burden. And the IRS frequently attacks owners who receive cash distributions from an S corporation...
United States
6 Jul 2017
Tax Court Finds Self-Employment Tax For Active LLC Member
Self-employment (SE) tax is one of the driving forces when a tax advisor recommends what type of entity to use for one's business.
United States
5 Jun 2017
Using An S Corporation To Avoid Self-Employment Tax
Our last post discussed self-employment (SE) tax and taxpayers' efforts to avoid that tax when using an entity taxed as a partnership to conduct business.
United States
2 May 2017
Tax Court Finds No Self-Employment Tax For Passive LLC Member
Self-employment (SE) tax is one of the driving forces when a tax advisor recommends what type of entity to use for one's business.
United States
7 Apr 2017
Lawyers: Give Your Clients A Business Entity Checkup
As we prepare for perhaps another round of major tax law changes, you might want to consider the status of your clients' legal postures.
United States
1 Mar 2017
Highlights From The 2017 Heckerling Institute On Estate Planning
Each January, the University of Miami hosts the Heckerling Institute on Estate Planning, the country's largest estate planning seminar.
United States
2 Feb 2017
CPAs: Top 10 List For Fiduciary Income Tax Returns And Planning
As we near tax season, below are some tips for CPAs when planning and preparing tax returns for trusts, along with a link to an upcoming webinar on this very topic.
United States
27 Jan 2017
Tax Basis: The Key To Reducing Gain On Sale Or Deducting Asset Purchases
This article discusses key ideas used in reducing or eliminating gain subject to tax when you sell an interest in your business or when your business sells part or all its assets.
United States
12 Jan 2017
How To Avoid Avoid Tax Traps In Life Insurance
Beware that an employer-owned life insurance contract might not qualify for the usual exclusion from regular income tax.
United States
9 Nov 2016
Proposed Changes To Section 2704 Could Spur Tax Increase For Owners Of Closely Held Businesses
Controversial proposed regulations issued by the Treasury and the IRS on August 4, 2016, would change rules for valuing interests in business entities of which a person or a family owns at least one-half.
United States
19 Sep 2016
PLR 201039010 - The Latest Beneficiary Grantor Trust Ruling
A beneficiary grantor trust — an irrevocable trust treated as owned by the beneficiary for income tax purposes but not for estate tax purposes — can be a very useful tool.
United States
25 Jan 2011
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