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Federal Tax Update – May 2019

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By David S. De Jong, Esq., CPA, Stein Sperling Bennett De Jong PC INDIVIDUALS In Jim v. United States, the US Supreme Court denied certiorari, declining to review a ruling of the Eleventh Circuit Court of Appeals at 121 AFTR2d 2018-1939 which held that shared gaming revenue among Native American tribe members was not exempt […]

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Member Spotlight: Chelsea M. Rebeck

Member Spotlight

Attorney Chelsea Rebeck is a part of a small group of female attorneys with her skills and credentials. She worked in accounting for 13 years before attending law school, then as a certified public accountant for many years. She is also an adjunct professor at a local college, advising students with her extensive CPA knowledge. […]

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Federal Tax Update – April 2019

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By David S. De Jong, Esq., CPA, Stein Sperling Bennett De Jong PC INDIVIDUALS Proposed Regulations under Code Section 1400Z, define “substantially all” as at least 70 percent in the context of percentage of tangible assets in a qualified opportunity zone but define “substantially all” as at least 90 percent in the context of the […]

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Member Spotlight – David M. Loev

Member Spotlight

Trust The Loev Law Firm, PC to assist with all of your Corporate/Securities needs. Our seasoned attorneys support the legal requirements of private and public companies, well-established corporations, or those planning to incorporate. We assist with corporate and securities law, mergers and acquisitions, business organization, SEC reporting requirements, public and private offerings of debt and […]

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Are you really able to use the term CPA?

Blogging

By Beth A. Berk, CPA, CGMA This article originally appeared in CPA Insider. ©2019 Association of International Certified Professional Accountants. All rights reserved. Used by permission. Warning: If your CPA license is inactive, expired, or was issued in a state other than the one where you live or work, you may not be able to […]

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Member Spotlight – James T. Elliott, Jr.

Member Spotlight

As a tax lawyer and CPA, James T. Elliott practices income tax and estate tax law, representing business owners, corporate executives, and wealthy individuals and their families. Jim’s practice focuses on succession planning, effective use of insurance in estate planning, income tax and gift tax planning, and litigation support. James T. Elliott began working as […]

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Federal Tax Update – March 2019

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INDIVIDUALS In Gaylor v. Mnuchin, 123 AFTR2d 2019-1056, the Seventh Circuit Court of Appeals reversed a decision of a Wisconsin Federal District Court and determined that the housing allowance for the clergy is constitutional and does not violate the First Amendment as endorsing religion, the Court concluding that the law was to offer religious leaders […]

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Federal Tax Update – February 2019

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INDIVIDUALS In Doyle v. Commissioner, TC Memo 2019-8, the Tax Court determined that a settlement received by an individual who was fired for “whistleblowing” which allegedly caused stress bringing on multiple physical problems was taxable; the complaint said nothing about emotional or physical injuries (the CPA reported the settlement payments over two years on a […]

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Federal Tax Update – January 2019

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INDIVIDUALS In 2590 Associates LLC v. Commissioner, TC Memo 2019-3, the Tax Court allowed an entity owned in part by Alabama football coach, Nick Saban, to claim a bad debt deduction as assignee of a loan made by Saban to a developer, the Court finding that Saban expected repayment on advancing the funds as did […]

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Dually-licensed Attorney-CPAs Offer Best Of Both Worlds

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There are myriad options available when it comes to selecting the professionals you will utilize in your business and personal life, but the two most common are likely a CPA and an attorney. The skillsets required for both of these specialists are unique; the attorney must be able to devise creative and persuasive solutions within […]

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