The IRS recently raised the de minimis safe harbor limit for taxpayers without an applicable financial statement (AFS). AFS include audited financial statements and certain financial statements reported to governmental agencies. Starting in 2016, the threshold for deducting certain invoiced… Read More
Robert L. Berger, CPA/CGMA, Tax Services Principal and Director of the Real Estate and Construction Group, was featured in an article on Intuit.com’s Professional Tax Pro blog.
Rob and Intuit editor, Scott Cytron, discuss relevant topics for 2015 tax planning… Read More
Have you set up an irrevocable trust, only to find your life goals have changed 10, 15, or 20 years down the road? It may be possible to “decant” this irrevocable trust to help better meet your goals.
Essentially, decanting… Read More
As a Zoo member and avid visitor to both attractions, I’m glued to the developing story on the Grant’s Farm offers, along with many other St. Louis residents.
Grants Farm is currently held in the Busch Family Trust, which is… Read More
Millions of small businesses have taken advantage of Code Sec. 179 to deduct equipment and enhance their bottom line. Code Sec. 179 allows taxpayers to elect to expense the cost of “section 179 property” instead of depreciating it over its… Read More