TAXATION

On the Move: Change of Domicile
 

On the Move: Change of Domicile

Posted: May 16, 2018
Domicile is important in determining a client’s primary state of residence for income and estate tax purposes. For income tax purposes, resident individuals are taxed on their worldwide income by their domiciliary state. Find out more.

IRS Issues HSA Contribution Limits for 2019
 

IRS Issues HSA Contribution Limits for 2019

Posted: May 11, 2018
The IRS issued the calendar year 2019 inflation-adjusted figures for the annual contribution limits for health savings accounts (HSAs) and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans.




Tax Reform and 2019 Returns
 

Tax Reform and 2019 Returns

Posted: May 2, 2018
While the majority of taxpayers’ returns from the tax season just completed were not affected by the Tax Cuts and Jobs Act, the impact of its provisions will be felt for years to come – and right now is a good time to start getting ready.



IRS Describes New Reporting Requirements for Certain Life Insurance Transactions
 

IRS Describes New Reporting Requirements for Certain Life Insurance Transactions

Posted: April 26, 2018
The IRS has outlined the new information reporting requirements for certain life insurance contracts under new IRC 6050Y, which was added by the Tax Cuts and Jobs Act. The new reporting requirements apply to reportable death benefits paid and reportable policy sales made after Dec. 31, 2017.

IRS Warns of New Twist on Phone Scam
 

IRS Warns of New Twist on Phone Scam

Posted: April 24, 2018
The IRS today warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers to trick taxpayers into paying non-existent tax bills.