avoiding excess benefit transactions

Avoid excess benefit transactions and keep your exempt status

One of the worst things that can happen to a not-for-profit organization is to have its tax-exempt status ...
Continue Reading
gift tax exclusion rules

Take advantage of the gift tax exclusion rules

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to ...
Continue Reading
taxes due on series EE savings bonds

When is tax due on Series EE savings bonds?

You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in ...
Continue Reading
college costs tax return break

Uncle Sam may provide relief from college costs on your tax return

We all know the cost of college is expensive. The latest figures from the College Board show that ...
Continue Reading
divorce tax issues

Getting a divorce? There are tax issues you need to understand

In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ...
Continue Reading
tax deadline

The next estimated tax deadline is September 16: Do you have to make a payment?

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These ...
Continue Reading
what teachers cant deduct on tax returns

Expenses that teachers can and can’t deduct on their tax returns

As teachers head back for a new school year, they often pay for various expenses for which they ...
Continue Reading
taking distributions from a traditional ira

Taking distributions from your traditional IRA

If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA ...
Continue Reading
tax liability relief

“Innocent spouses” may get relief from tax liability

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the ...
Continue Reading
mauldin & jenkins nonprofit

Accountable plans save taxes for staffers and their nonprofit employers

Have staffers complained because their expense reimbursements are taxed? An accountable plan can address the issue. Here’s how ...
Continue Reading
tax implications mauldin & jenkins

The tax implications of being a winner

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ...
Continue Reading
federal guidance on accounting for leased bank premises

FED ISSUES GUIDANCE ON ACCOUNTING FOR LEASED BANK PREMISES

With the effective date of the Financial Accounting Standards Board’s new lease accounting standard rapidly approaching for nonpublic ...
Continue Reading