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 | Accounting Standards, Financial Planning, Tax Planning, Tax Preparation
Overpayments of sales and use taxes may be caused by various situations. For example, retailers and suppliers have been aggressive about charging sales tax to avoid audit deficiencies because field auditors in many states, like Maine, have become more aggressive about...
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 | Business Plans, Deductions, Tax Planning, Tax Preparation
You may be able to deduct the costs of maintaining an office at home, if you’re self-employed in Maine as a sole proprietor, partner, or LLC member. But before you start jumping for joy, it’s important to note that in order to claim a business deduction for an...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
The new year brought some good news from the IRS for Maine Employers. They announced that the due dates for filing 2015 Affordable Care Act (ACA) information returns have been extended. This gives employers extra time to provide the forms to the recipients, and file...
