In our continuing series of tax updates for our clients and friends of the firm, CBIZ Tofias is pleased to present this information on what’s new in 2013 income tax reporting and compliance requirements.
In our continuing series of tax updates for our clients and friends of the firm, CBIZ Tofias is pleased to present this information on what’s new in 2013 income tax reporting and compliance requirements.
Topics: tax update, individual tax, 2013 Tax Update
Topics: tax update, individual tax, 2013 Tax Update
Topics: tax update, individual tax, 2013 Tax Update, Medicare tax
Topics: tax update, individual tax, 2013 Tax Update
Topics: tax update, individual tax, 2013 Tax Update, Medicare tax
Topics: tax update, individual tax, 2013 Tax Update
Topics: tax update, individual tax, 2013 Tax Update, Medicare tax
Every business with multiple owners should have a buy-sell agreement, and those that already have one should review it periodically to ensure it is up to date. There are many different types of agreement structures and funding mechanisms, each of which has advantages and disadvantages. Regardless, the reasons for having a buy-sell agreement are well established:
Topics: Cap Willey, Buy-sell agreements, multi-owner business
Topics: individual tax, 2013 Tax Update, 2013 income tax reporting and compliance requireme
Regardless of the myriad reasons why an amended partnership tax return may be required, it could result in a significant impact on all of the partners. Considering that there are new rules and procedures to effect a change to the tax return with the new Form 1065X as well as revisions to Form 8082, Notice of Inconsistent Treatment of Administrative Adjustment Request (“AAR”), careful consideration must be given to filing this type of amended return.
Topics: tax returns, Mark Thurber, Form 1065X, TEFRA
A diversity of practices exist when it comes to accounting for fundraising costs. Since this is an area that is likely to receive increased attention by the IRS in the coming years, we advise not-for-profit organizations to review their approach and ensure proper fundraising cost reporting is taking place.
Topics: GAAP, Dyan Reinhold, non-for-profit, Non-profits
Generally speaking, intangible property that has not been claimed by its rightful owner after a certain period of time has lapsed is classified as unclaimed property. Examples of unclaimed property can range from uncashed payroll checks to uncashed dividend or supplier payment checks, security deposit box contents, and more.
Topics: Tarra Curran, reporting requirements, Unclaimed Property Reporting
