Blog

1 week ago

KJ Law & CPA

Resolving contentious issues through the IIR Program
The Internal Revenue Service's Industry Issue Resolution Program, which helps taxpayers and the IRS resolve contentious issues affecting large groups of diverse taxpayers, can be a tool to avoid protracted IRS examinations. Here's how to participate in the program.
The Tax Adviser (3/2019)
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1 week ago

KJ Law & CPA

Why a smaller home might not benefit retirees
Moving into a smaller home might sound appealing for retirees, but certain drawbacks must be considered. You might not save as much money as expected, and you might miss storage space you had before.
U.S. News & World Report (3/14)
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1 week ago

KJ Law & CPA

Do your leaders have the right relationship skills?
Relationships remain vital in a technologically focused world. Strong relationships help as leaders strive to inspire others and to create inclusive companies.
MIT Sloan Management Review online (tiered subscription model) (3/6)
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4 weeks ago

KJ Law & CPA

Data suggest worldwide trade slowdown
Global trade increased at a slower rate in 2018 compared with 2017, according to data from the CPB Netherlands Bureau for Economic Policy Analysis. New export orders have declined for five months running, IHS Markit data show, while China's US exports and imports declined in December compared with December 2017.
Morningstar/Dow Jones Newswires (2/25), The Wall Street Journal (tiered subscription model) (2/26)
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4 weeks ago

KJ Law & CPA

First round of opportunity zone guidance offers flexibility for investors, but questions remain
Qualified opportunity zones let taxpayers defer or partially exclude capital gains earned elsewhere if they are invested in a QOF within 180 days after the sale or exchange.
The Tax Adviser (2/2019)
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4 weeks ago

KJ Law & CPA

10.9 million taxpayers to feel sting of SALT cap
About 10.9 million Americans will pay more taxes because the Tax Cuts and Jobs Act has limited deductions on state and local taxes, according to a report by the Treasury Inspector General for Tax Administration. State and local taxes that cannot be deducted because of the change total $323 billion, the report says.
BloombergQuint (India) (tiered subscription model) (2/27)
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1 month ago

KJ Law & CPA

Emotional roller coaster: The psychology of starting a small firm or business
Is this the year for cutting ties with a boss and going out on your own? Before you take that leap, think about all the advantages and challenges you would experience pursuing such a significant life decision.
AICPA Insights (2/19)
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1 month ago

KJ Law & CPA

Legal and professional fees in divorce case not deductible as business expenses
A taxpayer who ran an investment firm could not deduct legal and professional fees incurred during his divorce that were not related to his business or attributable to production of taxable income. Instead, they were personal expenses.
The Tax Adviser (2/2019)
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1 month ago

KJ Law & CPA

Study: More plan sponsors seeking to keep assets of workers who leave
A study from Alight Solutions found that 33% of plan sponsors want to keep balances of departed workers, up from 27% in 2014. Among the moves companies are making to retain balances are adding fund choices and making it simpler to roll in money from other retirement accounts.
Pensions & Investments (free access for SmartBrief readers) (2/18)
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1 month ago

KJ Law & CPA

Top states for middle-income taxpayers
Alaska tops a ranking of states that offer the most tax-friendly treatment of the middle class. The GOBankingRates study considers total sales tax, income tax and property tax.
CNBC (2/13)
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