Insights

Strict rules govern the timing of retirement account withdrawals. These rules may change in the near future with a new bill moving through Congress, but meanwhile, here’s what you need to know. With a series of recent changes, and some possible future modifications, it can be difficult to keep pace with the withdrawal rules on…

Bartlett, Pringle & Wolf, LLP (BPW) is excited to share that the firm was recently named one of the “Top Regional Leaders” by Accounting Today for the seventh year in a row! Each year, Accounting Today releases rankings of top performing accounting firms across the United States and categorizes them within 10 regions. BPW is…

Cryptocurrency has been in the news a lot lately as it continues to gain traction as an alternative currency. Many are considering whether this is the time to invest in cryptocurrency. After all, the IRS has taken notice and has instituted measures to ensure income from cryptocurrency is accurately reported. Recently, Ernst & Young’s “2022…

The Spousal Lifetime Access Trust is not one of the better-known trusts but has become a popular estate planning strategy for families. A spousal lifetime access trust (SLAT) is an irrevocable trust that authorizes the trustee to make distributions to a spouse if a need arises. It can be designed to benefit one’s children, grandchildren,…

Whether putting up a new building or renovating an existing one, companies are discovering that they can strengthen their balance sheets by doing a cost segregation study. A cost segregation study (CSS) helps managers break down and itemize construction and acquisition costs so that they can be allocated to shorter depreciation lives. In other words,…

Learn about the pass-through entity updates in this recorded webinar.

Thursday, March 3 1:00pmLive Webinar   SIGN UP NOW Are you curious about…how California’s recently passed SALT workaround provisions expanded tax-saving opportunities for partnerships and S Corps? Should your business pay the elective pass-through entity tax? Who must file the new Schedule K-2 and Schedule K-3 forms? What is the status of the BBB? Join…

California recently revised its SALT cap workaround to be more appealing for qualifying owners of S corporations and partnerships. On February 9, California’s governor signed into law Senate Bill 113 (S.B. 113), which modified certain technical aspects of the elective pass-through entity tax enacted in Assembly Bill 150 (A.B. 150) in July 2021. A number…

Many taxpayers have already received IRS Letters 6419 and 6475 containing details about their 2021 advance child tax credit (CTC) payments and economic stimulus payments. Here’s what you need to know about the letters, this year’s CTC refund, and what to do about potentially erroneous information. In January 2022, the IRS issued two separate letters…

Return-to-office plans remain in a state of limbo as some employers find that a remote work strategy is a viable option long term. What are the tax implications for businesses in this new scenario? Over the past couple of years, businesses have sent employees to work from home as a temporary solution in response to…