Tax reform discussions continue in Congress on variety of approaches
House and Senate lawmakers have started their August recess,
leaving pending tax legislation for after Labor Day. In past years,
September has been a busy month for tax legislation and this year
is li...
IRS continues campaign against worker misclassification
The IRS remains focused on an issue that doesn’t seem to be going
away: the misclassification of workers as independent contractors
rather than employees. Recently, the IRS issued still another ...
Rules for managing tax basis on stock sales worth a look
A recent Tax Court decision and pending tax reform proposals have
intersected in highlighting how stock sales can be timed for
maximum tax advantage. The taxpayer in the recent case (Turan, TC
Memo. 2...
FAQ: What is Country-by-Country reporting?
Country-by-Country (CbC) reporting is part of a larger initiative
by the Organisation for Economic Cooperation and Development (OECD)
known as the Base Erosion and Profit Shifting (BEPS) project. CbC
...
How Do I? Deduct student loan interest
An eligible taxpayer can deduct qualified interest on a qualified
student loan for an eligible student's qualified educational
expenses at an eligible institution. The amount of the deduction is
limit...
August 2017 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for
individuals...
How do I? Make tax-free gifts for tuition
With the soaring cost of college tuition rising on a yearly basis,
tax-free tuition gifts to children and grandchildren can help them
afford such an expensive endeavor, as well as save the generous
ta...
A first look at 2017 inflation-adjusted tax amounts now available
An early glimpse at the income tax picture for 2017 is now
available. The new information includes estimated ranges for each
2017 tax bracket as well as projections for a growing number of
inflation-s...
Year-end tax planning is right around the corner
It’s not too early to get ready for year-end tax planning. In fact,
many strategies take time to set up in order to gain maximum
benefit. Here are some preliminary considerations that may help
y...
Liability for the "nanny" tax
Employers generally have to pay employment taxes on the wages they
pay to their employees. A fine point under this rule, however, is
missed by many who themselves have full time jobs and don’t t...
What the new 1099 reporting requirement will mean for businesses
Businesses of all sizes are preparing for a possible avalanche of
information reporting after 2011. To help pay for health care
reform, lawmakers tacked on expanded information reporting to the
Patie...
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We focus on helping our clients manage their income, businesses and financial assets to meet their lifetime goals.
We welcome you to G&J Seiberlich & Co LLP and invite you to call on us to discuss your own Accounting for Life.
