Tax

IssuesWatch Podcast




Startup Company Stock Options and IRC Section 83(i) – Useful or Useless?

Posted: December 4, 2019
In order to comply with IRC Sec. 83(i), a company will need to monitor both its own eligibility to offer employees an IRC Sec. 83(i) deferral as an eligible corporation and the eligibility of the employees receiving grants of stock options or RSU to be considered qualified employees for purposes of IRC Sec. 83(i).

A Quirk in the TCJA’s Small Business Exceptions

Posted: December 2, 2019
Some small businesses that otherwise qualify might not be permitted to use the cash method of accounting or certain provisions that simplify record keeping because of a quirk introduced by the Tax Cuts and Jobs Act. Find out which businesses might not qualify.

Final Regs Confirm: Making Large Gifts Now Won’t Harm Estates After 2025

Posted: November 22, 2019
The Treasury Department and the IRS today issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels.

IRS Updates Guidance for Deductible Business, Charitable, Medical and Moving Expenses

Posted: November 14, 2019
The IRS has issued guidance for taxpayers with certain deductible expenses to reflect changes resulting from the Tax Cuts and Jobs Act.

Final Regs Issued on New Reporting Requirements for Life Insurance Contract Transactions

Posted: October 28, 2019
Among other things, these reporting requirements are designed to help people who sell life insurance contracts properly report any gain from that sale.

Senate Rejects Democrats' Effort to Repeal SALT Deduction Rules

Posted: October 24, 2019
The resolution aimed to repeal Treasury Department regulations that prohibited high-tax states from creating charitable funds where residents could contribute their state tax payments, effectively bypassing the SALT limit.