Recent Captive Tax Court Ruling – Syzygy Insurance vs. Commissioner
On April 10, the US Tax Court released its ruling in Syzygy Insurance v Commissioner of Internal Revenue. This is the third case related to micro-captive insurance companies and whether it qualified as a small insurance company. Similar to Avrahami v. Commissioner and Reserve Mechanical…
Latest Opportunity Zone Insights
Richard Welling on the Opportunity Zone Panel. On Tuesday, April 23, 2019 the 13th Annual Real Estate Symposium: A View From The Top Revisited was held at UCLA’s Luskin Conference Center. The evening was filled with networking and discussions with panels of Southern California real…
Could your business benefit from the tax credit for family and medical leave?
The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees. It’s subject to numerous rules and restrictions and the credit is only available for two tax years — those beginning…
Still working after age 70½? You may not have to begin 401(k) withdrawals
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½. However, there’s an exception that applies to certain plan…
The 2018 Gift Tax Return Deadline Is Almost Here
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required. Filing requirementsGenerally,…