August - 2020

taxplanning tax planning valuation succession tax

Tax Blog

Tax Blog

The 32-item List for valuation and estate/succession planning: Part 1 of 2.

The 32-item List for valuation and estate/succession planning: Part 1 of 2.

The estate planning professionals at The Center for Financial, Legal and Tax Planning have perfected the 32-item list for valuation, estate and succession planning purposes. The list encompasses all aspects to ensure your valuation, estate or succession plan accounts for all relevant items. More specifically, the list seeks information necessary to understand the full picture of your business, as the importance of ensuring all proposals whether it be a business valuation, e

IRS Releases New Guidelines on Daily Fantasy Sports and the Excise Taxes on Wagering

IRS Releases New Guidelines on Daily Fantasy Sports and the Excise Taxes on Wagering

Late last month, the Office of Chief Counsel of the IRS released a memorandum with regards to daily fantasy sports providers and the excise tax. It should be noted that the memo is not supposed to be cited or used as precedent. However, DFS players should take note to the memo as it is likely to result in an eventual increase in DFS fees/costs. The memo addresses multiple issues with regards to DFS. The first issue is whether a DFS operator, such as FanDuel or DraftKings, is

Commercial Landlord Policies Post-COVID: Keeping Your Tenants and Employees Safe

Commercial Landlord Policies Post-COVID: Keeping Your Tenants and Employees Safe

As more states begin to ease their COVID-19 related restrictions, more businesses will begin to open their doors. This means that commercial landlords should take note to some extra precautions to be taken with regards to keeping buildings open to tenants and operation issues. This blog will discuss how commercial landlords can ensure that they are not only protecting themselves, but their tenants and employees. Generally, landlords may choose to keep buildings open to tenant

The HEALS Act (AKA Stimulus Check 2): What We Know Today

The HEALS Act (AKA Stimulus Check 2): What We Know Today

Congress went back into session this week, and one of the items at the top of the agenda was additional coronavirus-related funding. Unfortunately, politics are going to play a large part in determining how long taxpayers have to wait to find out exactly what the new plan will entail. Here is a little bit of what we can expect in the new stimulus package. First, both Democrats and Republicans agree that individual taxpayers should receive another round of direct payments. In

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