Category Archives: Tax Planning

California’s New Tax Credit Package – California Competes Credit

The governor’s new tax credit package for businesses in 2014 includes the California Competes Credit,...

How the new 3.8% Medicare Tax is affecting Trust and Estate Tax Planning

Were you one of the millions of Americans who paid the new 3.8% Medicare Tax...

Case Study: How the Best Estate Planning Can Still Result in Issues

Sometimes estate planning works out for clients, and sometimes it doesn’t. A good estate plan...

Still Time to Save Tax Dollars in 2013: The window for taking trust distributions is still open.

New income taxes for 2013 include the Affordable Care Act’s (ACA) Net Investment Income Tax...

Even Past The Treasury Department Filing Deadline, LSL CPAs Can Help With Annual Reporting Of Foreign Bank And Financial Accounts – FBAR

Despite the passing of the June 30th filing deadline, the international tax experts at LSL...

If Only 25% Of A Company Is Under Foreign Ownership, IRS Form 5472 Must Be Filed With Full Disclosure

CPAs without international tax experience too often overlook IRS Form 5472, leading directly to problems...

Are You Aware Of Form 1042-S Reporting Exclusions And Income Payments That Are Not Subject To NRA Withholdings?

Are you aware of the 1042-S reporting exclusions in terms of income payments not subject...

No More Fiscal Cliff – Major Tax Law Changes for Individuals and Businesses in 2013

Here is a summary of some of the major tax law changes for 2013 included...

Estate and Gift Taxes for 2013

The fiscal cliff has been averted not just for income taxes but for estate and...

Don’t Neglect That Estate Tax Return!

An individual who passes away in 2012 with an estate of less than $5.12 million...

Tax Planning Considerations of Foreign Ownership of U.S. Real Estate

Foreign ownership of U.S. real estate has increased significantly in recent years because the decline...

Estate Tax & Gifting Window Closing

The 2012 estate tax exemption per individual is $5,120,000 with a top tax rate of...

How to Make Health Insurance Deductible to Shareholders

If your company is a “S” corporation there is a way to make health insurance...

Healthcare Reform: Tax Breakdown

Early in July, the Supreme Court upheld the Affordable Health Care for America Act of...

The Importance of Business Succession Planning

For most entrepreneurs, planning for the continuity of the enterprise is the ultimate management challenge....