IRS Announces the Start of Tax Filing Season
The IRS announced the 2022 tax filing season commences on Monday, January 24, 2022 when the agency begins to accept and process 2021 tax year ret…
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Gift, Estate and GST Tax Exclusion and Exemption Amounts: The Numbers Go Up!
For the first time in several years, the annual gift tax exclusion amount will increase from $15,000 to $16,000 per donor (or $32,000 for married…
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Employee Retention Credit to be Repaid Using Form 941
The Infrastructure Investment and Jobs Act (IIJA) signed into law in November of 2021 retroactively ended the Employee Retention Credit (ERC) as…
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Updated Form 5500 Series With Instructions Released
The DOL, IRS and PBGC have released informational copies of the 2021 Form 5500 series, including schedules and instructions. The 2021 instruction…
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Expenses Paid With PPP Loan Proceeds Reduce Other Adjustments Account
Although a little late, the IRS issued guidance through updated instructions to the draft 2021 S Return which provides that the expenses paid wit…
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Are Employees Taxed on Their Personal Use of Frequent Flyer Miles Earned by Business Travel?
Many employers allow their employees to make personal use of frequent flyer miles earned on business travel. This can be a significant benefit. G…
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Using an LLC for Estate Planning
A limited liability company (LLC) is a well-established hybrid legal entity that may be beneficial for business owners, and also a powerful tool…
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Can Employers Require Exempt Employees to work a specific schedule?
Employers can require exempt employees to work a specific schedule. However, employers must remain in compliance with the FLSA. In many cases, em…
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Mississippi Issues Minimum Standards of Operation for the Practice of Telemedicine
The Mississippi State Department of Health has issued “Minimum Standards of Operation Relative to the Practice of Telemedicine,” which are ne…
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A New Theory of Liability Under the Anti-Kickback Statute: “File Access Theory”
In June, the U.S. District Court for the Northern District of Illinois held that a medical management company (MPI) violated the Anti-Kickback St…
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IRS Announces the Start of Tax Filing Season
Gift, Estate and GST Tax Exclusion and Exemption Amounts: The Numbers Go Up!
Employee Retention Credit to be Repaid Using Form 941
Updated Form 5500 Series With Instructions Released
Expenses Paid With PPP Loan Proceeds Reduce Other Adjustments Account
Are Employees Taxed on Their Personal Use of Frequent Flyer Miles Earned by Business Travel?
Using an LLC for Estate Planning
Can Employers Require Exempt Employees to work a specific schedule?
Mississippi Issues Minimum Standards of Operation for the Practice of Telemedicine
A New Theory of Liability Under the Anti-Kickback Statute: “File Access Theory”