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Tax Cuts and Jobs Act for Nonprofits

Posted on January 10, 2018

Below is a summary of key provisions of the 2017 Tax Cuts and Job Act that impacts nonprofit organizations. Standard Deduction…

An “Intentionally Defective” Trust Can Save Taxes

Posted on January 03, 2018

Under the right circumstances, an intentionally defective irrevocable trust (IDIT) can be an effective estate tax planning tool.…

Fringe Benefits For Your Family S Corp

Posted on December 29, 2017

Here's an unusual tax law fact: For federal income tax purposes, the fringe benefit rules that apply to partners also apply to S…

Tax Cuts and Jobs Act

Posted on December 28, 2017

Tax Cuts and Jobs Act

Tax Reform Bill Passes

Posted on December 28, 2017

The new tax reform law — commonly referred to as the "Tax Cuts and Jobs Act" (TCJA) — is the most significant tax legislation in…

2018 Standard Mileage Rates

Posted on December 27, 2017

The IRS has released the standard mileage rates for 2018.  Beginning on January 1, 2018 mileage rates are as follows: 54.5 cents…

Tax-Wise Ways To Get Cash Out Of Your C-Corp

Posted on December 19, 2017

If your family business operates as a C corporation, watch out for double taxation whenever you withdraw cash from the company. If…

Who Owns Professional Goodwill?

Posted on December 19, 2017

When a professional corporation sells its assets or liquidates, one important tax issue is whether the corporation or the…

Good Things Come From Crummey Trusts

Posted on December 18, 2017

The benefits of a Crummey trust are anything but "crummy." This type of estate planning tool, named after the taxpayer in the first…

Record Keeping Rules For Vehicle Expense Deductions

Posted on December 17, 2017

Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the…

Disclaimer: The information contained in Dulin, Ward & DeWald’s blog is provided for general educational purposes only and should not be construed as financial or legal advice on any subject matter. Before taking any action based on this information, we strongly encourage you to consult competent legal, accounting or other professional advice about your specific situation. Questions on blog posts may be submitted to your DWD representative.

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