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12 06, 2020

GASB Accounting and Financial Reporting Issues Related to the CARES Act

2020-06-12T19:13:28-05:00June 12th, 2020|Tax News, Whitepapers|

On Thursday, June 11th the Governmental Accounting Standards Board (GASB) issued a proposed technical bulletin to clarify accounting and financial reporting issues related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 and Coronavirus Disease.  There is a 15 day comment period with an immediate effective date upon final issuance. The [...]

10 01, 2019

Eddie Phillips Authors Whitepaper on the Discussion of UBI on Qualified Employee Parking

2019-02-13T19:39:09-05:00January 10th, 2019|Tax News, Whitepapers|

Discussion of UBI on Qualified Employee Parking Under the Tax Cuts and Jobs Act of 2017, certain fringe benefits provided to employees of tax-exempt organizations generate Unrelated Business Income if provided after December 31, 2017.  The amount of UBI is equal to the costs associated with providing these benefits that would be disallowed under [...]

4 11, 2015

Jeremy Wilson Authors Whitepaper on ILITs and IDGTs: The Renewed Case for Old Friends

2017-08-07T19:00:55-05:00November 4th, 2015|Tax News, Whitepapers|

ILITs and IDGTs: The Renewed Case for Old Friends When Congress passed the American Taxpayer Relief Act of 2012 (“ATRA”), the unified credit for gift and estate tax became permanently set at $5 million. Not only was the unified credit set at the highest amount in its history, but it was further increased by [...]

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