Critical Updates on Forms W-2, W-3, 1096 and 1099
From the Desk of Peter Goodrich, Tax Staff With another calendar tax year coming to a close, it is important to bring to your attention some of the significant changes that have been made regarding the filing compliance of W-2’s and W-3’s, and 1099’s and 1096’s due to a tax provision enacted in late 2015 […]
Changes in Florida Discretionary Sales Tax effective January 1, 2017
From the Desk of Jennifer Kobylarz, CPA, MST, Tax Staff As we get closer to end of another year; we start compiling year-end reports, payroll, 1099’s, etc., please be aware of sales tax changes/increases that should be addressed immediately in your data processing systems effective January 1, 2017. As you may know, Florida voters passed a […]
“Dieselgate”, Dealerships and Uncle Sam
By Peter Goodrich, Tax Services, Rosenfield & Co, PLLC There has been a lot of speculation regarding the Volkswagen emissions scandal, the magnitude of the settlement payouts and their respective tax implications to dealers. While the taxability of these payouts has not yet been solidified, there is a position that will likely be taken by […]
Wealth Transfers: No More Valuation Discounts?
Melissa Barbosa, CPA, MBA, ABV, Valuation & Litigation Support Services Recently, the IRS issued proposed regulations to section 2704 in an effort to limit valuation discounts on transfers of interests in family-controlled entities for gift, estate and generation-skipping transfer tax purposes. The long awaited and much speculated regulations are intended to address perceived shortcomings that […]