Category: Timely Articles

U.S. Top Court Lets States Force Online Retailers to Collect Sales Tax

States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday, that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.

The justices overturned a … Read More »

Is Social Media Activity Putting You at Risk?

Regardless of the season, travel brings photo opportunities that are prime for posting on Facebook, Twitter, Instagram and other social media platforms. But fraud-savvy people think twice before engaging in what’s known as “instabragging.” Here are examples of what could … Read More »

Bad Debt Losses: Can You Deduct Loans Gone Bad?

The IRS is always skeptical when individual taxpayers claim deductions for bad debt losses. Why? Losses from purported loan transactions often fail to meet the tax-law requirements for bad debt loss deductions.

For example, a taxpayer might try to write off … Read More »

How the Work World is Changing with Millennials

Definitions of the millennial generation vary, but basically these are people who, today, range from 20 to 36 years old. Their distinctive characteristics are attributed to two primary factors:

Most were raised by highly attentive baby boomer parents, and
Instant communication via electronic … Read More »

Making the Most of Memos Published in Rapaport Magazine

Robert Hoberman authored the article, “Making the Most of Memos,” which was published in the February 2018 issue of Rapaport Magazine. You can download or read the article here.

Consignment can be a lucrative arrangement for jewelers, as long as both … Read More »

Consider a Phased Retirement Program for Your Employees

Most employers believe their employees expect to work past age 65. A recent survey by the Transamerica Center for Retirement Studies states that one reason for staying on the job longer is that so many older workers experience a shortfall of … Read More »

Retirement Account Catch-Up Contributions Can Add Up

Are you age 50 or older? If so, you can currently make extra “catch-up” contributions to certain types of tax-favored retirement accounts. Over time, these contributions can make a significant difference in your retirement-age wealth.

What about tax reform? After … Read More »

How Might the New Tax Reform Law Affect You?

President Trump and Republican members of Congress say the Tax Cuts and Jobs Act (TCJA) will bring $3.2 trillion in tax cuts. Now that the bill has passed, everyone wants to know how much they’ll save.

Unfortunately, the tax bill won’t … Read More »

Landmark Tax Reform Bill Passes

The new tax reform law — commonly referred to as the “Tax Cuts and Jobs Act” (TCJA) — is the most significant tax legislation in decades. Now businesses and individuals are trying to digest the details and evaluate how the … Read More »

Reporting of Payments to Foreign Entities

Taxpayers have an obligation to file information reporting forms to report certain payments to nonresident individuals, foreign corporations, foreign partnerships, and certain foreign fiduciaries, estates, and trusts. In general, every U.S. person that makes a payment from U.S. sources must … Read More »