Archives

December 2017

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…

Invoice Fraud

Posted on December 15, 2017

When a supervisor with Burlington Northern Santa Fe Railway stumbled upon a way to submit fraudulent invoices to his employer, he…

Deducting LLC Losses

Posted on December 15, 2017

What happens if you're the owner of a limited liability company (LLC) that generates tax losses, and you don't spend a lot of time…

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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