Fundraising Issues for Charities
September 8, 2015
Tax
IRS and the Art Advisory Panel
September 8, 2015
Tax
11th Circuit Rules Indian Tribes Not Subject to Sales Tax on Commercial Real Estate Rentals
August 28, 2015
Stamp Tax
The 11th Circuit Court of Appeals recently ruled that leases of commercial real estate within casinos owned by the Seminole Tribe of Florida to non-Indian corporations are not subject to Florida sales tax. Florida imposes sales tax on commercial rent payments. However, the Court of Appeals upheld the decision of…
Applicable Federal Rates for September 2015
August 21, 2015
Applicable Federal Rates
The Internal Revenue Code prescribes minimum imputed interest rates and time-value-of-money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly. These are commonly applicable rates in effect for September 2015: Short Term AFR…
IRS Rattles Its Saber to Restrict Family Partnership Planning. What Should You Do?
August 20, 2015
Estate Tax
If you are, or someone that you know is, considering transferring an ownership interest in a family-controlled entity the best time may be now. Speculation abounds over the impact that potential new regulations may have on the valuation of a closely held business interest. For several years, the Treasury Department’s…