04.29.20 President Trump’s Impact Payment letter & Foreign Pension Trusts

The Biden Administration Corporate Tax Proposal

Rev. Proc. 2020-17 on Foreign Pension Trusts and summary from attorney Andrew Mitchell:
https://intltax.typepad.com/intltax_blog/2020/03/rev-proc-2020-17-exemption-from-filing-forms-3520-and-3520-a-for-applicable-tax-favored-foreign-trus.html

President Trump’s letter to taxpayers getting Impact Payments:
https://www.usatoday.com/story/news/politics/2020/04/28/coronavirus-trump-letter-stimulus-check-recipients-causes-stir/3040031001/

Info on IRS Form 7200 for Advance Payment of Employer Credits due to COVID-19:
https://www.irs.gov/forms-pubs/about-form-7200

Supplemental funds for Paycheck Protection Program plus new money for hospitals, coronavirus testing signed into law:
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-taxnewsandviews-200424.pdf

HOW TO ORGANIZE A SEMINAR OR AN EVENT

How to Organize a Seminar or an Event

By Matt Bacak Seminars and events have always been implemented as a holistic experience for participants. Thus, organizing a seminar an event requires extensive planning and preparation with most work implemented at least a few months before the actual event. Most of the time, seminars seem to run like clockwork with all events flowing smoothly…

Real Estate Agents

Real Estate Agents are Same as Brokers for “Real Estate Professional Rule” for Passive Losses

Real Estate Agents are Same as Brokers for “Real Estate Professional Rule” for Passive Losses Taxpayer victory in Tax Court Real estate agents can claim the real estate professional exception to the passive loss limitations. The I.R.S. tried to argue that the taxpayer needs to be a “Broker” not a just an “Agent” to meet…

Tax Burden

10 Tips to Reduce Your Tax Burden

10 Tips to Reduce Your Tax Burden Updated: 1/3/13 With the start of a new year, tax season will soon be upon us. For 2012 returns, the tax filing deadline is April 15, 2013. Now is a good time to look for tax reduction strategies in preparation for filing your tax return. Here are ten…

AMT

Avoiding the AMT Trap

Avoiding the AMT Trap Updated: 10/23/2014 More and more taxpayers are finding a hidden tax on their individual tax returns. The alternative minimum tax (AMT) attempts to ensure that high income individuals who benefit from the tax advantages of certain deductions and exemptions will pay at least a minimum amount of tax. This tax was…