During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there,…read more

Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor with goods or services…read more

Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A major reason is…read more

Learning, Contributing, Advancing We build and maintain relationships with a wide range of professional organizations. We believe that continuous learning, knowledge sharing, …read more

The IRS has some good news for certain taxpayers — it’s waiving underpayment penalties for those whose 2018 federal income tax withholding and estimated tax…read more

As states open for business and the need for social distancing recedes, your not-for-profit organization may want to think about scheduling an in-person retreat for…read more

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income….read more

Relatively high interest rates and tight lending standards are making it difficult for even for-profit businesses to apply and qualify for bank loans. But not-for-profits,…read more

Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and…read more

Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on…read more

This article applies to any U.S. person who has a financial interest in or signature or other authority over a financial account or accounts with…read more

The “sandwich generation” accounts for a large segment of the population. These are people who find themselves caring for both their children and their parents…read more