Year-End Reminder: Don’t Forget FSAs
The holidays can be a joyous time of year, but also very chaotic. It's easy to forget to spend any remaining funds in your Flexible Spending Accounts (FSAs) before New Year's Day while you're juggling shopping for gifts, decorating your home and planning get-togethers...
Debt or Equity? New Guidance Helps You Decide
Generally, corporations can deduct interest on debts for federal tax purposes, and a valid obligation exists if the parties intended to create a debt, and the debt is enforceable and unconditional. A capital contribution, in contrast, is a direct or indirect...
What Is the Correct Standard of Value in Divorce?
The specialty of business valuation is evolving, and one recent development is the emergence of investment value as the appropriate standard of value in some divorce cases, rather than fair market value. This trend is important to monitor to ensure your valuation...
Chancery Again Puts Trust in Merger Price Over Questionable DCF
Merion Capital LP & Merion Capital II LP v. BMC Software, 2015 Del. Ch. LEXIS 268 (Oct. 21, 2015) Don’t second-guess the result of a robust, arm’s-length sales process! That’s the view the Delaware Court of Chancery has been taking lately in statutory appraisal...
Report Predicts Record Contributions on Giving Tuesday 2016
Giving Tuesday, known on social media as #GivingTuesday, was on November 29, 2016. Never heard of it? The Tuesday after Thanksgiving has grown into one of the biggest fundraising drives for the not-for-profit industry. Similar to Cyber Monday, it's a day when...
Spotlight On Business Tax Trends
The Joint Committee on Taxation (JCT) is a nonpartisan Congressional committee that, among other things, assists in the analysis and drafting of proposed federal tax legislation and prepares reports that interpret newly enacted federal tax legislation. The JCT...
New Version of Form I-9 Issued
Recently, a new version of Form I-9, "Employment Eligibility Verification," has been issued by the U.S. Citizenship and Immigration Services (USCIS). It’s dated November 14, 2016 and has an August 31, 2019 expiration date. Beginning on January 22, 2017, employers must...
Employee, Partner or Both? Recent Developments Help You Decide
If you are an employee, a partner, a partner who doesn't know it, or a combination of these classifications, there may be serious tax implications. Here are some recent developments that you need to know if you participate in a business that's operated as a...
Cures Act Approves HRAs for Small Employers
The 21st Century Cures Act was signed into law by President Obama on December 13, 2016. In addition to funding medical research, accelerating cutting-edge treatments for rare diseases and adding significant reforms to the mental health system, the new legislation...
IRS Extends Deadline to Provide 2016 ACA Forms to Recipients
Recently, the IRS announced that it is extending one of the deadlines for providing 2016 Affordable Care Act (ACA) information statements to recipients. Specifically, the due date for furnishing to individuals the 2016 Form 1095-B (Health Coverage) and the 2016 Form...