Proposed Regulations Address PFIC Rules
The Treasury and IRS have issued proposed regulations on provisions
dealing with passive foreign investment companies (PFICs). Proposed
regulations published on April 25, 2015, also have been withdraw...
Proposed Exception to MEP Unified Plan Rule
Proposed regulations would provide an exception to the unified plan
rule for multiple employer plans (MEPs). The purpose is to reduce
the risk of plan disqualification due to noncompliance by other
FAQ: What is a limited liability company?
A limited liability company (LLC) is a business entity created
under state law. Every state and the District of Columbia have LLC
statutes that govern the formation and operation of LLCs....
How Do I? Write Off Bad Business Debts
A business with a significant amount of receivables should evaluate
whether some of them may be written off as business bad debts. A
business taxpayer may deduct business bad debts if the receivable
Estimated tax: Getting it right
Estimated tax is used to pay tax on income that is not subject to
withholding or if not enough tax is being withheld from a person's
salary, pension or other income. Income not subject to withholding
How Do I? Make an in-plan Roth IRA rollover?
In-plan Roth IRA rollovers are a relatively new creation, and as a
result many individuals are not aware of the rules. The Small
Business Jobs Act of 2010 made it possible for participants in
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