As charitable giving strategies evolve, two popular vehicles—private foundations and donor-advised funds (DAFs)—continue to shape the non-profit landscape. While both offer tax-advantaged paths for supporting charitable objectives, they’re governed by different regulations that significantly impact how funds are administered, disclosed, and distributed. Today we’re highlighting key
The One Big Beautiful Bill Act (OBBBA) brings significant changes to the way gambling losses are treated for tax purposes, effective for tax years beginning after December 31, 2025. If you’re a professional gambler or simply someone who occasionally tries their luck at the casino, it’s important to understand how
Update: On February 27, 2024, IRS Notice 2024-26 announced relief and that they will grant an administrative exemption for this requirement for withholding agents (both U.S. and foreign persons) in 2024 and for foreign persons in 2025. Original post published on February 15, 2024. Organizations with international business operations have
As the end of 2020 looms large and year-end tax planning is in full swing, businesses and organizations in virtually every industry have been struggling with unanswered questions about PPP loans – loan forgiveness, deductibility of related expenses, timing of loan forgiveness applications, and the impact on taxable income for
In our signature tax event last fall, we highlighted the changes to the proposed 2022 partnership instructions for Schedule K-2 and K-3, which continue to loom large and are impacting many more organizations than initially anticipated. Now the IRS has updated the proposed instructions to provide additional relief. That’s welcome
Ben commands a wide range of tax compliance expertise, tax consulting, and team leadership that provide immense value to the clients he serves. He’s successfully managed tax practices, guided high-performing teams, and delivered tailored, insightful tax solutions for clients with annual revenues of up to $100 million across diverse industries;
Reducing Tax Liability with an IC-DISC You’re exporting your products or services to a foreign country. As a result, you face a tremendous number of tax issues and potential new tax liabilities. Wouldn’t it be nice if you could reduce the taxes you owe? You might be able to save
ABC? DEFG? I just don’t have time to keep up with all of this financial alphabet soup! Sound familiar? Need help sorting it out? Well, you’re in luck. We-re offering 15-minute workshop sessions designed to maximize your learning and minimize your time commitment. It’s just a 990 — how hard
Research & Experimentation Tax Credit Is your company continually finding ways to improve its business processes? Have you made a product or service better, faster, or more cost-effective? If you think, “Oh, that’s just part of the job,” think again. The U.S. tax code offers an incentive for companies that
1.1 million Americans got a welcome boost to their bottom line over the past few weeks as the Social Security Administration (SSA) started issuing retroactive payments under the Social Security Fairness Act (SSFA) – distributing more than $7.5 billion so far. And there are a lot more payments to go
Has the turmoil over the last year caused you to start thinking of selling your business? Or, perhaps, the pandemic has opened up opportunities to expand your business? One of the most compelling decisions you will need to consider in structuring a buy/sale agreement is whether to structure the deal
As a key member of Barnes Dennig’s tax team, Lauren is committed to helping her clients develop and implement strategies that minimize their tax burden. Her knowledge of the tax code and previous experience at Big Four and a national pharmaceutical company, combined with her responsiveness and attention to detail,