Insights by Author: Tiffany Ann Goodall

To Port or Not to Port: Is Filing for Portability Right for You?

February 11, 2021

The option of portability when planning your estate could make a substantial difference come tax time,…

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When Does a Gift Require a Gift Tax Return, and Gift Tax?

December 23, 2020

With lifetime gift and estate tax exemptions at an all-time high in 2020, not as many…

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Retirement Plan Options for Self-Employed Business Owners

October 6, 2020

Owning your own business gives you a great deal of freedom to make your own choices.…

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IRS Sends Warning Letter to Cryptocurrency Users About Reporting

August 27, 2019

Taxpayers who exchange cryptocurrency may receive a letter this month from the IRS regarding reporting issues.…

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Tax-Savvy Retirement Planning

March 29, 2019

With over 70 million baby boomers in the United States, how many are celebrating their 65th…

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Decrypting Cryptocurrencies

March 20, 2018

What are cryptocurrencies? The news is teeming with excitement about cryptocurrencies, whether it be Bitcoin, Ethereum…

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Tax Benefits of Vacation Rentals

December 2, 2015

In light of recent news on the regulation of vacation rentals, it is important to know…

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Student Scholarships – Free Money or Taxable Income?

April 3, 2015

The taxability of student scholarship funds has been an issue for many years. In any student…

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Consider Outsourcing Your Bookkeeping

Accurate and up-to-date financial records play an important part in your business's success, but the daily ...
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Proposed Tax Increases on the Horizon

President Biden presented the American Families Plan in an April 28, 2021 address to Congress, which ...
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DOL Withdraws Independent Contractor Rule

The Department of Labor recently withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” ...
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IRS Relaxes FSA and DCAP Rules

The IRS is providing some leeway to employee benefit plans offering health flexible spending accounts (FSAs) ...
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How Nonprofits Should Handle Tax Form 990

Form 990, Return of Organization Exempt From Income Tax, is the IRS’ method of evaluation to ...
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Hidden Tax Break: Meal Deductions Get a Boost

The Consolidated Appropriations Act, 2021 contained a provision designed to give a boost to the restaurant ...
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COVID-19 Resource Guide: Everything You Need in One Place

Office Updates While BPW is categorized as an essential business due to the importance of tax ...
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BPW Moves Forward with April 15 Deadline

The IRS and California Franchise Tax Board recently announced that the income tax filing deadline for ...
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New Stimulus Package: What You Need to Know

The third stimulus package valued at $1.9 trillion made its debut last week after President Biden ...
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Erroneous Notices from the IRS and States

Many clients have received CP59 Notices notifying them about missing Forms 1040 for the tax year 2019. In ...
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New Benefit Plan Auditing Standards Effective Date Extended

Another pandemic-powered delay is pushing the effective date back for new standards related to audits of ...
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To Port or Not to Port: Is Filing for Portability Right for You?

The option of portability when planning your estate could make a substantial difference come tax time, ...
Read this insight