News & Resources

Archives: October 2013

The Internal Revenue Service has provided a useful 10-question checklist for plan sponsors to test compliance with important rules. Use the online tool to learn more about how to find, fix and avoid common mistakes. Click on the image below…

Maybe. The following types of executive compensation could be subject to the health care act’s 0.9% additional Medicare tax: Fair market value (FMV) of restricted stock once the stock is no longer subject to risk of forfeiture or it’s sold FMV of restricted…

Contributing the maximum you’re allowed to an employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, is likely a smart move: Contributions are typically pretax, reducing your modified adjusted gross income (MAGI), which can also help you reduce…

Since 2007, homeowners have been allowed to exclude from their taxable income up to $2 million in cancellation-of-debt (COD) income ($1 million for married taxpayers filing separately) in connection with qualified principal residence indebtedness (QPRI). The exclusion had been available…

According to the U.S. Department of Homeland Security, counterfeiting and fraud cost intellectual property owners more than $1.26 billion in financial losses during fiscal 2012.  In addition to the negative economic impact, counterfeit and pirated goods pose a serious threat…

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