News & Resources

Archives: March 2013

Miller Kaplan Arase LLP, a regional West Coast accounting and advisory firm, has been listed as the 84th largest accounting firm in the United States in the Top 100 Accounting Firms list by Accounting Today. Miller Kaplan’s continued success stems…

Generally, you’ll need to file a gift tax return for 2012 if, during the tax year, you made gifts: That exceeded the $13,000-per-recipient gift tax annual exclusion (other than to your U.S. citizen spouse), That you wish to split with…

The manufacturers’ deduction, also called the “Section 199” or “domestic production activities deduction,” is 9% of the lesser of qualified production activities income or taxable income. The deduction is also limited to 50% of W-2 wages paid by the taxpayer…

The deadline for 2012 IRA contributions is April 15, 2013. The limit for total contributions to all IRAs generally is $5,000 ($6,000 if you were age 50 or older on Dec. 31, 2012). Any unused limit can’t be carried forward…

A tax-exempt organization is not taxed on income derived for its tax exempt purpose; however, income from activities unrelated to the tax-exempt purpose may be subject to unrelated business income tax. The IRS describes unrelated business income (UBIT) as income…

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