Tax law


Tax Calendar: March and April 2018

MARCH 2018 March 15 Partnerships. File a 2017 calendar year return (Form 1065). Provide each partner with a copy of Schedule K-1 (Form 1065), “Partner’s Share of Income, Deductions, Credits, etc.,” or a substitute Schedule K-1. If you want an automatic six-month extension of time to file the return and […]


Changes to Roth IRA Recharacterizations

For tax year 2018 and after, taxpayers can no longer recharacterize Roth IRA (individual retirement account) conversions under the new tax law. There are three ways to contribute funds to a Roth IRA: a direct contribution, a rollover from a Roth 401(k) or 403(b), and a conversion from a regular […]


Tax Calendar: February and March 2018

FEBRUARY 2018 February 15 All businesses. Give annual information statements to recipients of certain payments you made during 2017. Payments that are covered include amounts paid in real estate transactions (Forms 1099-S); amounts paid in broker and barter exchange transactions (Forms 1099-B); and payments to attorneys (Form 1099-MISC, if amounts […]


Year End Tax Planning in Uncertain Times

As we approach the end of the year, many of our clients like to take a fresh look at their tax and financial plans. With Congress currently considering major tax changes, this exercise might be even more important this year.  Part of these changes could be dramatically lower individual and […]


What the New Federal Fiduciary Rule Means to Investors

In April, the U.S. Department of Labor (DOL) made headlines with its final rule covering conflicts of interest among investment advisors. Media coverage focused on the difference between a “fiduciary” standard and a “suitability” standard. Financial advisors and investment firms have been debating this issue—often heatedly—for years, and the DOL […]


Disaster Planning Versus Succession Planning

Business owners should have an exit strategy: a plan for the time when they’re either unwilling or unable to keep running their company. Often, that planning can include a current disaster plan for relatively young business owners and a future long-term succession plan for a smooth path to retirement. Worst […]


ETFs Can Be Plain or Fancy

From virtually nowhere, exchange-traded products have grown to over $3 trillion in assets. A small portion of these products are exchange-traded notes (ETNs), but most are exchange-traded funds (ETFs): typically, pools of securities that trade like stocks. A large amount of ETF assets, in turn, are in funds that track […]


Business Tax Benefits

The tax code includes Section 179, which permits first-year deduction (expensing) of amounts spent for business equipment. This provision formerly allowed annual deductions up to $25,000. After $200,000 of equipment outlays, the allowance phased out, dollar-for- dollar. Congress had raised these amounts sharply in recent years, but the increases expired […]