Insights by Author: Tiffany Ann Goodall

To Port or Not to Port: Is Filing for Portability Right for You?

February 11, 2021

The option of portability when planning your estate could make a substantial difference come tax time,…

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When Does a Gift Require a Gift Tax Return, and Gift Tax?

December 23, 2020

With lifetime gift and estate tax exemptions at an all-time high in 2020, not as many…

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Retirement Plan Options for Self-Employed Business Owners

October 6, 2020

Owning your own business gives you a great deal of freedom to make your own choices.…

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IRS Sends Warning Letter to Cryptocurrency Users About Reporting

August 27, 2019

Taxpayers who exchange cryptocurrency may receive a letter this month from the IRS regarding reporting issues.…

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Tax-Savvy Retirement Planning

March 29, 2019

With over 70 million baby boomers in the United States, how many are celebrating their 65th…

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Decrypting Cryptocurrencies

March 20, 2018

What are cryptocurrencies? The news is teeming with excitement about cryptocurrencies, whether it be Bitcoin, Ethereum…

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Tax Benefits of Vacation Rentals

December 2, 2015

In light of recent news on the regulation of vacation rentals, it is important to know…

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Student Scholarships – Free Money or Taxable Income?

April 3, 2015

The taxability of student scholarship funds has been an issue for many years. In any student…

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IRS Announces 2022 Limits for Retirement Plans

The IRS has announced the new retirement plan numbers for 2022.Retirement limits for 401(k) and similar ...
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What Papers do You Need to Save?

Sometimes it feels good to get rid of clutter, especially this time of year when the ...
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Tax Policy Update: How the Build Back Better Act Affects Individuals

RECORDED WEBCAST  |  December 16, 2021 Download webcast slides The Senate Finance Committee’s release this past ...
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DOL Reveals Key Change for Tipped Workers

Employees in occupations where gratuities are common, such as restaurant waitstaff, have long fallen into a ...
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IRS Clarifies Temporary Deductibility of Per Diem Meal Expenses

The IRS has issued Notice 2021-63, clarifying previous guidance issued under Notice 2021-25 pertaining to the ...
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Section 174 Research Deduction Changes for 2022

Have you been deducting your R&D expenses as they occur? Starting in the new year, that ...
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Year-End Tax Planning for Individuals

As we near the end of another turbulent year, it’s time to discuss the steps you ...
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Year-End Tax Planning for Businesses

2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another ...
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SAS 136: Preparation before year end

As previously communicated, Statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial ...
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On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit

The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses ...
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What To Know About the New Lease Accounting Standard

Every day that passes marks less time for private companies to get ready for ASC 842, ...
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Credit for Other Dependents: A CTC Alternative

The IRS is reminding families about the Credit for Other Dependents, a tax credit available to taxpayers for ...
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