Jul 29, 2019 | Insurance, Tax Updates
The IRS has released a revenue procedure that provides simplified procedures for an insurance company to obtain the IRS’s automatic consent to change its method for discounting unpaid losses and expenses unpaid, estimated salvage recoverable and unearned...
Apr 16, 2019 | Tax Updates
The following is a summary of important tax developments that occurred in January, February, and March of 2019 that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps...
Apr 16, 2019 | Captive Insurance, Tax Updates
Another example of why if you’re going to set up a captive, you need to treat it like an insurance company and not a tax dodge. Captive Insurance Arrangement Not Insurance; Premiums Not Deductible A microcaptive insurance arrangement did not meet the definition of...
Mar 15, 2019 | IRS information, Tax Updates, Uncategorized
Checkpoint Newsstand 3/15/19 As the April 15th deadline for filing 2018 income tax returns draws near, some taxpayers may not have the cash to pay the balance due on their returns. Clients can avoid penalties but not interest if they can get an extension of time to...
Jan 29, 2019 | Tax Updates
The following is a summary of important tax developments that occurred in October, November, and December of 2018 that may affect you, your family, your investments, and your livelihood. Please Larson & Company for more information about any of these developments...
Jan 29, 2019 | IRS information, Tax Cuts and Jobs Act, Tax Updates
By Susan Thomas, Kevin Drawbaugh, Peter Cooney and David Morgan WASHINGTON (Reuters) – The U.S. government tax agency said on Wednesday it would not impose penalties on many taxpayers who had too little federal income tax withheld from their pay last year, or...
