Is a 1031 Exchange Right for You?

A 1031 exchange, on the surface, is a simple yet powerful technique that helps real estate investors. It lets investors essentially “trade” properties while postponing taxes. But the rules are complicated, and there have been some recent changes investors...

The IRS Looks Into Executive Compliance

Executive compensation has evolved dramatically in recent years — in creativity, complexity and dollar value. How so? Stock options, deferred compensation, fringe benefits and other noncash alternative forms of compensation are becoming increasingly popular,...

Qualified Retirement Plans: Know the Rules

The IRS annually releases its Required Amendments (RA) list, which includes changes that individually designed retirement plans may need to make in order to remain qualified under the Internal Revenue Code. The most recent RA list was released via Notice 2017-72,...

New IRS Guidance on State and Local Taxes

The IRS will be addressing the deductibility of state and local tax payments for federal income tax purposes. It’s a reminder that federal law controls payments for federal income tax purposes no matter how state law wants to view things. The Tax Cuts and Jobs...