Accounting & Tax News

The Opportunity Zones Program: Potential for Capital Gains Deferral or Elimination With the 2017 tax reconciliation reform (Tax Cuts and Job Acts) comes a new tax incentive program aimed at promoting investments in certain economically distressed communities across...

In the first three months of 2018, there have been a number of changes to tax laws that may affect your financial well-being, your family, your investments, and your livelihood.  We have prepared a summary of these recent developments for your benefit. The IRS will...

What is the True Cost of Employing Household Staff? When families hire household help (nannies, caregivers, house cleaners, et al), it is easy to overlook the possibility for the required “Nanny Tax,” the requirement to treat household help as employees and to pay...

The end of the year is quickly approaching. To help you plan for 2018, we are offering several tax-planning tips for your consideration.  Recent discussions about next year’s tax law changes may necessitate a closer inspection of your income and deductions.  We have...

Tax-related Identity Theft With the recent news regarding data breaches of personal information, the risk of tax-related identity theft continues to increase. Tax-related identity theft occurs when unauthorized persons either impersonate the taxpayer or the IRS to...

Realize recently teamed up with Project Open Hand, a volunteer-fueled charitable organization that strives to bring healthy meals to seniors, people with critical illness, and adults with disabilities. Project Open Hand offers medically-tailored foods that help...

Estate Planning and Insurance Policies: What You Need to Know to Protect Your Loved Ones As part of their overall estate plans, many of our clients purchase life insurance policies.  These offer them the security in knowing that their loved ones will not have to worry...

Although the Golden State is among the most coveted places to live in the United States, its heavy taxes can be discouraging. Taxed at the highest rates in the country, many California residents are incentivized to consider leaving the state but breaking residency in...

Do you own a bank account in another country or hold an interest in a company or partnership based outside of the United States? Do you have signature authority on foreign bank accounts that you oversee? Foreign assets such as these come with filing responsibilities...