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Archive for September 30th, 2014

sgrgas

Partnerships’ exposure to net investment income tax not always clear cut

The net investment income (NII) tax under Code Sec. 1411 is imposed on income from investments, certain sales of property, and income from passive activities. NII includes net gains from the sale of property, unless the property is held in a non-passive trade or business. If the property sold is a non-passive interest in a […]

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wnaegele

Employers get first look at health insurance information reporting

Since passage of the Affordable Care Act, several key requirements for employers have been delayed, including reporting of health coverage offered to employees, known as Code Sec. 6056 reporting. As 2015 nears, and the prospects of further delay appear unlikely, employers and the IRS are preparing for the filing of these new information returns. Three […]

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apresti

Fall is the new spring for tax savings

How planning now can yield big savings next April Unless you happen to be an accountant, you probably don’t like to spend a lot of your time thinking about taxes. Let’s face it. Even CPAs know that there are many things more interesting than tax planning and compliance. Yet while taxes may seem a bit […]

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wnaegele

September 2014 Compliance Calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of September 2014. September 4 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates August 27–29. […]

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