Tax / TAG Tax (J)

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TAG Tax Newsletters


Meet the Co-chairs - TIAG

Spearman, Lisa
Mercer & Hole

On, Wendy
Fineman West & Co. LLP

Brenner, Saul B.
Berdon LLP

Saba, Fuad

Meet the Co-chairs - TAGLAW

Derewenda, Anna K.
Williams Mullen (VA)

Meet the Co-chairs - TAG-SP

Severino, Maria
Collins Barrow Toronto LLP

Contact: Hal Zemel; Berdon LLP (New York, New York, USA)

While tax consequences should not be the primary consideration for investment decisions, they should be taken into account to maximize after tax returns. Depending on your risk profile, you may be interested in long-term capital appreciation or a dependable current income stream.  Growth stocks and mutual funds may provide long-term capital appreciation with less current income. For those favoring a current income stream, you have various choices including US Treasury Bonds/Bills, state and local bonds, corporate bonds, certificates of deposit (CDs), and dividend paying stocks.

Read the entire article.

Contact: Joe Kristan of Roth & Company, P.C.

Your IRA isn’t an HSA. Last week I was asked whether there was a penalty for taking money from an Individual Retirement Account to pay for surgery. I said there was no penalty, but that it was taxable income. The person who asked was surprised and confused, thinking that penalty and taxation are the same thing. They aren’t.

Read more: What your Health Savings Account can do that your IRA can’t.

Contact: Donald S. Nemerov, Managing Director; FGMK, LLC (Chicago, Illinois, USA)

Executive Compensation – Tax Planning to Increase Take-home Amounts
As we near year-end, it is important to consider some tax planning approaches that can apply in the context of executive compensation plans. This article covers a few planning ideas that may apply to your situation, or to highly-compensated employees in your business. FGMK’s Compensation Advisory Services practice can guide you in applying these planning ideas and reducing the tax cost of your compensation arrangements.

Read more: Mid-year Tax Planning Considerations for Executive Compensation Plans

Contact: Berdon LLP (New York, New York, USA)

Updates as Tax Laws Change

Washington's confrontational atmosphere, coupled with some heated presidential electioneering, creates a particularly uncertain tax climate. The Berdon LLP 2015-16 Tax Planner is your easy-to-use reference tool as well as a resource to help you identify opportunities that can benefit your particular financial circumstances.

Read more: The Berdon 2015-16 Tax Planner

Contact: Marc Ausfresser, J.D., LL.M., Berdon LLP (New York, New York, USA)

A temporary highway and transportation spending act1 signed into law by President Obama on July 31, 2015 was designed to offset the cost of highway expenses without raising taxes. The result is a new array of tax compliance measures projected to generate $5 billion in revenue over 10 years. Since this is a stop-gap measure, scheduled to sunset on October 29, 2015, the House and Senate will eventually need to revisit this funding.

Read more: Transportation Act Imposes New Tax Compliance Requirements