Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
If you’re considering setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment and administrative burdens involved. There are a couple of options to consider. Look at a Simplified Employee Pension (SEP) and a Savings Incentive Match Plan for Employees (SIMPLE).
Watch out for the 100% penalty Certain tax violations carry more severe consequences than others. One notable example is failing to pay federal income and employment taxes that have been withheld from employees’ paychecks. In such cases, the IRS can impose the trust...
Wait before you file the Beneficial Ownership Information Report! The Corporate Transparency Act (CTA) requires most businesses, LLCs, Corporations, and limited liability entities to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN)...
Estate Planning appearance on WPHT - February 2, 2025 Ron Cappuccio focuses on retirement and estate planning with host, Joe Yocavitch. Joe and Ron discuss how retirement isn't a one-size-fits-all situation, especially with many clients continuing to work into...
How Section 1231 gains and losses affect business asset sales
Understanding the tax implications is crucial when selling business assets. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from selling or exchanging specific business property.
The requirement for filing Beneficial Ownership Information reports is on hold until the Fifth Circuit makes its final decision. If the taxpayers win, I anticipate the Treasury Department will appeal to the U.S. Supreme Court. On the other hand, when administrations change on January 20, 2025, there will hopefully be actions to drastically alter or eliminate this intrusive law.
Operating as a C corporation: Weigh the benefits and drawbacks When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and disadvantages that may significantly affect your business...
BOI Filing Required...Again President Biden’s FTC appeal of an injunction overturned the injunction granted by the US District Court. The Fifth Circuit ended the injunction but demanded that the full appeal be heard in January. The deadline for most reporting...
On December 13, 2024, the Biden Department of Justice submitted an emergency motion to the U.S. Court of Appeals for the Fifth Circuit to stay the preliminary injunction issued by the U.S. District Court for the Eastern District of Texas. This injunction...
FinCEN complying with BOI Filing Temporary Injunction FinCEN announced that it would comply with the order issued by the District Court in Texas Top Cop Shop,. “so long as it is in effect... .” Even though the injunction was issued by a judge in the Eastern District...
