Checks Written Before Death are Includible in Decedent’s Estate
The Tax Court held that the value of checks written prior to but paid after a decedent’s date of death were includible in the decedent’s gross estate.
Can the Finance Industry Deliver on Demand for Faster Closings, More Automation?
One of the contributors answering “Can finance industry deliver on demand for faster closings, more automation?” published on NJBiz, was Roman Matatov, Senior Manager.
After Much Confusion, OMB Retains Single Audit Collection by Census Bureau for 2022
The industry was caught off-guard when the Office of Management and Budget (OMB) announced that for Fiscal Year’s that ended in 2022, Single Audits would be collected by the General Service Administration (GSA) rather than the Bureau of Census changing a procedure that has been in place since the advent of Data Collection.
2023 Cost of Living Adjustments
Plan sponsors should review the cost of living adjustments (COLAs) to determine what, if any, changes need to be communicated to employees by means of orientation meetings and enrollment forms.
Investment Due Diligence – Best Practices in Any Market
For the majority of private foundations, the management of a foundation’s assets is a top priority along with grantmaking.
Cyber Roundup – October 2022
It is not uncommon, when we do client assessment and process reviews, that we find many great policies exist; however, they are not well-communicated to those who need to execute them nor are the details delineated.
Expect M&A Deal Volume in 2022 to Be at Pre-COVID Levels
North American mergers and acquisitions (M&A) deal volume have declined in each consecutive quarter this year and in each quarter compared with 2021.
FASB Zeroes in on Fair Value Accounting for Crypto Assets
The Financial Accounting Standards Board (FASB) recently reached a tentative decision about the accounting for crypto assets that… Read more.
Business Interruption Insurance Revisited
Recent natural disasters – such as the hurricanes impacting Puerto Rico and Florida and wildfires in California – can cause physical damage that interferes with business operations resulting in economic distress and ultimately lost income.
The ABCs of the Taxation of Virtual Currency
With new technologies come new forms of assets and, eventually, new rules for the regulation and taxation of such assets.
Massachusetts Update: Partnership Interest Sale Decision and the Fair Share Amendment Ballot
Massachusetts continues to be active in the state tax space.
The New Commercial Clean Vehicle Credit
The Plug-In Electric Vehicle Tax Credit under Internal Revenue Code (IRC) Sec. 30D was originally enacted with the Energy Improvement and Extension Act of 2008 and has been extended multiple times since its enactment.