Business, Tax & Estates

The IRS has recently started sending letters to businesses asserting tax penalties under the Affordable Care Act (ACA), also known as "Obamacare". These letters advise that the business owes an Employer Shared Responsibility Payment (ESRP) penalty as a result of failing to comply with certain provisions of the ACA. Under the ACA, all employers with 50 or more full-time employees are required to offer health insurance coverage that is affordable and provides minimal essential coverage to at le ...
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On January 1, 2018, new IRS audit rules went into effect that made big changes on how the IRS will conduct future audits of partnerships (i.e, general and limited partnerships and LLCs).  These new changes give the IRS more power in conducting audits of partnership tax returns. Before 2018, in most cases, if the IRS wanted to audit the tax return of a partnership, the IRS had to open up audits of the individual partners (or LLC members). And, the IRS would then have to assess tax, penalties ...
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2018 Federal Income Tax Update (PDF)

Crowdfunding 101 – An Update on the Current State of Crowdfunding and Other Capital Raising Options for Your Business Clients (PDF)

Is Your Estate Plan Prepared to Exit Your Business? (PDF)  

“We Will Take Care of That Later” – Legal Conflicts in Professional Associations That Could Have Been Avoided (PDF)

Distribution Planning for Retirement Benefits: The Legal and Tax Implications of Lifetime and Post-Death Qualified Plan and IRA Distributions (PDF)