by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
How It Works You can immediately write off up to $25,000 of the cost of a new or used heavy SUV, pickup or van thanks to the Section 179 deduction privilege. The vehicle must be placed in service by the end of your business tax year beginning in 2015 and used over 50%...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, IRS Regulation, Tax Planning
If you are considering, or planning, to buy or sell business assets or an ownership interest (corporate stock or a partnership or LLC interest), beware of the tricky “related party” tax rules. The Internal Revenue Code contains a number of rules aimed at penalizing...
by Royer Advisors | Dec 11, 2024 | Court Rulings, IRS Regulation, Tax Preparation, Valuations
Kardash v. Commissioner, 2015 Tax Ct. Memo LEXIS 69 (March 18, 2015) A Tax Court memo resulting from a transferee liability case includes an informative discussion of the valuation methodologies the parties’ solvency experts used to determine the company’s fair market...
by Royer Advisors | Dec 11, 2024 | Deductions, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
This past holiday season, taxpayers received a “gift” from Washington, D.C. It’s the PATH Act, which stands for Protecting Americans from Tax Hikes Act of 2015. This act does more than just extend expired tax provisions for another year, the...
by Royer Advisors | Dec 11, 2024 | Fraud Prevention, IRS Regulation, Tax Planning, Tax Preparation
The tax law passed by Congress and signed by President Obama on December 18th contains some payroll tax provisions that are of interest to Maine employers. Here are four changes in the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). 1. There will be an...
by Royer Advisors | Dec 11, 2024 | Court Rulings, IRS Regulation, Valuations
Fox v. CDx Holdings, 2015 Del. Ch. LEXIS 194 (July 28, 2015) The Delaware Court of Chancery has on numerous occasions called out major financial institutions for providing erroneous or even “motivated” valuations. But few opinions include more searing criticism than a...
