Non-Profit Compensation – Beware of IRS Approval Requirements

Most of us engage with non-profits in our community because we are committed to their mission, and as a result of this passion, often times those related to us also become engaged in supporting our chosen organizations. In addition, these organizations are often...

IRS Issues Guidance on Marital Portability Election

In December, 2010 the concept of “portability” was adopted in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.  Portability essentially allows a surviving spouse to use their own exclusion amounts and any remaining unused exclusion...

IRS Deficiency? What Are Your Options?

For those who have a deficiency with the IRS, often the question is what are the options. Failing to address a deficiency with the IRS can result in liens on your assets, a sweep of your bank account and/or the garnishment of your wages. Assuming the time period to...
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