Final Rules Limit Charitable Contributions Made for SALT Credits
The IRS has issued final regulations that require taxpayers to
reduce the amount any charitable contribution deduction by the
amount of any state and local tax (SALT) credit they receive or
expect to ...
Final and Proposed Regs on GILTI-Related Matters
Final regulations address the global intangible low-taxed income
(GILTI) provisions of Code Sec. 951A. The final regulations
retain the basic approach and structure of the proposed regulations
pu...
Employers Can Offer HRAs Integrated with Individual Coverage
Final rules allow employers to use health reimbursement
arrangements (HRAs) to reimburse employees for the purchase
individual insurance coverage, including coverage on an Affordable
Care Act Exchange...
Final Regs Address CPEO Requirements, Responsibilities
Final regulations provide requirements that a person must satisfy
to become and remain a certified professional employer organization
(CPEO), as well as the CPEO’s federal employment tax liabili...
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.
