News & Resources

When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs (though of course the specific rules are more complex). If when filing your 2014 income tax return you’ve found that

The deadline for 2014 IRA contributions is April 15, 2015. The limit for total contributions to all IRAs generally is $5,500 ($6,500 if you were age 50 or older on Dec. 31, 2014). If you

This month’s newsletter covers: Half of Nonprofits Plan to Add Jobs This Year, Study Finds Top Trends in Philanthropy for 2015 Is There Really a Difference Between Nonprofits and For Profits? Read the entire newsletter

Generally, you’ll need to file a gift tax return for 2014 if, during the tax year, you made gifts: That exceeded the $14,000-per-recipient gift tax annual exclusion (other than to your U.S. citizen spouse), That

Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax and alternative minimum tax purposes. But

We’re excited to bring you our first Healthcare Advisory. We think you’ll find that these advisories address issues that matter the most to you.  Today’s article discusses 8 tips to help maximize patient self-payment. Along

If you don’t meet IRS substantiation requirements, your charitable deductions could be denied. To comply, generally you must obtain a contemporaneous written acknowledgment from the charity stating the amount of the donation, whether you received

This month’s newsletter covers: Schedule A Compliance for Supporting Organizations (SO) Board Members and Redesign Computer Readable Charity Tax Forms Reporting Activities with Related Entities Read the entire newsletter

If you have a child in college, you may not qualify for the American Opportunity credit on your 2014 income tax return because your income is too high (modified adjusted gross income phaseout range of

The manufacturers’ deduction, also called the “Section 199” or “domestic production activities” deduction, is 9% of the lesser of qualified production activities income or taxable income. The deduction is also limited to 50% of W-2