News & Resources

Archives: November 2013

By projecting your business’s income and expenses for 2013 and 2014, you can determine how to time them to save — or at least defer — tax. If you’ll be in the same or lower tax bracket in 2014, consider:…

Information requested from a licensee during a royalty inspection (commonly referred to as an “audit”) is sometimes not available or not willingly provided by a licensee.  The reason may be an interpretational issue within the license agreement or an unwillingness…

Michael Kaplan, partner at Miller Kaplan Arase LLP has been named one of Variety's 2013 Business Managers Elite. Full print PDF can be downloaded here, story on page 86.

It may be in error. The Internal Revenue Service has sent erroneous penalty notices (CP 283s) to Form 5500 filers who filed their returns before an extension (Form 5558) had been processed. Help center representatives at the IRS have been…

As year end approaches, you may be trying to accelerate deductible expenses into 2013 to reduce, or at least defer, tax. But you must beware of the alternative minimum tax (AMT) — a separate tax system that limits some deductions…

From the IRS: "The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some pension limitations such as those governing 401(k) plans and IRAs will remain unchanged because…

Recently, the IRS released the 2014 annually adjusted amount for the unified gift and estate tax exemption and the generation-skipping transfer (GST) tax exemption: $5.34 million (up from $5.25 million in 2013). But even with the rising exemptions, making annual…

If you’re age 70½ or older, you can make a direct contribution — up to $100,000 — from your IRA to a qualified charitable organization in 2013 without owing any income tax on the distribution. This “charitable IRA rollover” can…

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