Trump Signs Bipartisan Year-End Government Spending, Tax Package
On December 20, President Donald Trump signed the bipartisan,
year-end government spending and tax package, just hours before
federal funding was set to expire. Trump's signature on the over
2,000-pag...
Individual Mandate Ruled Unconstitutional
The Fifth Circuit U.S. Court of Appeals ruled that the Patient
Protection and Affordable Care Act’s (ACA) ( P.L. 111-148)
individual mandate is unconstitutional because it can no longer be
...
Qualified Opportunity Zone Investment Regulations Finalized
Proposed qualified opportunity zone regulations issued on October
29, 2018 ( REG-115420-18) and May 1, 2019
( REG-120186-18) under Code Sec. 1400Z-2 have been
finalized with modifi...
New IRS Annual Report Highlights Accomplishments
The IRS has released Publication 5382, "Internal Revenue
Service Progress Update / Fiscal Year 2019—Putting Taxpayers
First." This new annual report describes accomplishments
acro...
National Taxpayer Advocate Releases Annual Report to Congress
Bridget Roberts, the Acting National Taxpayer Advocate, released
her 2019 Annual Report to Congress. The report discusses the key
challenges facing the IRS regarding the implementation of the
Taxpayer...
Final Regulations Address Withholding on U.S. Source Income
The Treasury and IRS have issued final regulations on the due
diligence and reporting rules for persons making certain U.S.
source payments to foreign persons. Guidance is also provided on
reporting b...
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...
At G&J Seiberlich we view our work as Accounting for Life.
Living a rewarding life is what we all desire. Life has many stages and the money we earn, spend and save along the way plays a pivotal role in the flow of life.
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.
