Recommended By: David SchriverThe IRS is taking aim at investment funds who convert management fees to capital and, as such, re-characterize the income to capital gains (vs. ordinary income). They refer to this as a “disguised payment for services” and suggest it is... Continue Reading
By: Todd FeuermanAs chair of the firm’s Construction Services Group, Todd has over 25 years of experience providing audit, accounting, consulting and tax services to general contractors, specialty contractors, government contracting firms, as well as construction-focused banks and... Continue Reading
Recommended By: Kristin KingA very common concern of my clients is how to teach their children about money. This is especially true of financially successful parents that have a strong belief in raising their children not to feel entitled. This article may provide... Continue Reading
By: Carl KampelThe Financial Accounting Standards Board’s Codification requires entities to categorize investments measured at fair value in one of three levels in the fair value hierarchy based on the observability of the inputs used in valuing the investments. The three levels... Continue Reading
Recommended By: David D. Schriver, Jr.This filing requirement now applies to all entities with foreign affiliates, including private funds. The deadline is Friday, May 29, 2015. To read the article in its entirety, visit the Lexology website here: Private funds may be subject to the... Continue Reading
Recommended By: Kristin KingBREAKING NEWS – In this new article from Journal of Accountancy, the IRS has just announced that as many as 300,000 taxpayers’ identities may have been stolen by identify thieves. Although the motive appears unknown, it seems likely that the... Continue Reading
Recommended By: David D. Schriver, Jr.
Featuring: Tom Byers and Jerry BeardThe U.S. Supreme Court only Monday overturned Maryland’s “piggyback” local taxes on out-of-state income, but accountants say amended tax returns already had been filed in anticipation of the decision. In this article by The Daily Record’s Daniel Leaderman, Director Tom... Continue Reading