by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning, Tax Preparation
In many parts of the country it’s already starting to feel like summer, and we hope Maine will get there shortly. But the forecast for Washington remains unclear as officials continue to discuss various tax-related issues. Regardless of what happens in...
by Royer Advisors | Dec 11, 2024 | Fraud Prevention, IRS Regulation, Tax Planning, Tax Preparation
If you have an authority over or interest in a foreign financial account, then the IRS wants you to provide information about the account by filing a form called the “Report of Foreign Bank and Financial Accounts” (FBAR). The annual deadline for filing...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
You may have expertise in marketing, production and sales, like other business executives. Yet the short and long-term profitability of your Maine small business relies on strategic planning that looks at marketing, production and sales from several different angles....
by Royer Advisors | Dec 11, 2024 | Court Rulings, IRS Regulation
You may be wondering whether the expense of a contingent-fee arrangement with your attorney is deductible for federal income tax purposes. Unfortunately, the guidance on this controversial issue isn’t favorable to taxpayers in most situations. The federal income...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Fish v. Greatbanc Trust Co., 2016 U.S. Dist. LEXIS 137351 (Sept. 1, 2016) In an important ESOP decision, the court dismissed claims that the defendants had committed breaches of fiduciary duty and engaged in a prohibited transaction. The case turned on the soundness...
