Associate Editor Nicholas Ward is a second year Echols Scholar at the University of Virginia. He is double majoring in Economics and Government. Nicholas joined as an intern for the Wealth Strategies Journal in January of 2023.
Associate Editor Kaitlyn Bare is a third year student at the University of Virginia, where she is majoring in American Studies and minoring in both Politics and Architecture. Kaitlyn joined the Journal as Associate Editor in 2023.
Amanda Parsons, of University of Colorado Law School, has made available for download her article, The Shifting Economic Allegiance of Capital Gains, published in U of Colorado Law Legal Studies Research Paper No. 22-19. The abstract is as follows: Technological advances and the digitalization of the global economy have created an economic environment beyond the … Continue reading Amanda Parsons: The Shifting Economic Allegiance of Capital Gains (July 1, 2022)
Associate Editor Melissa Zheng is a second-year student attending the University of Virginia, where she is majoring in Economics and minoring in Data Science. Melissa joined the Journal as Associate Editor in 2022.
John A. Townsend of University of Houston Law Center, has made available for download his article, Federal Tax Procedure (2022 Practitioner Ed.), published in SSRN. The abstract is as follows: Federal Tax Procedure is a book originally prepared for a course on Tax Procedure taught by Adjunct Professor Townsend at the University of Houston School … Continue reading John A. Townsend: Federal Tax Procedure (2022 Practitioner Ed.)(August 3, 2022)
Robert B. Wynne and Alexia L. Faraguna of McGuireWoods LLP, have made available for download their article, “IRS Announces New Audit Program for Retirement Plans,” published on McGuireWoods’s website. The abstract is as follows: On June 3, 2022, the IRS announced it is launching a pilot pre-examination retirement plan compliance program, which generally will be effective … Continue reading Robert B. Wynne and Alexia L. Faraguna (McGuireWoods LLP): IRS Announces New Audit Program for Retirement Plans (June 7, 2022)
Jay A. Soled and Richard Schmalbeck, of Rutgers University and Duke University School of Law, have made available for download their article, Substance Over Form in Transfer Tax Adjudication, published in Loyola of Los Angeles Law Review. The abstract is as follows: The elevated exemption level under the federal transfer tax system (now in excess … Continue reading Jay A. Soled and Richard Schmalbeck: Substance Over Form in Transfer Tax Adjudication (May 20, 2022)
IRS has released a Youtube video on the “ABLE Accounts”. The video shares how you can save money with disability-related expenses by having an ABLE account. https://www.youtube.com/watch?v=P7dO63wVCd8
Allison Rimm has published her Harvard Business Review article, “Taming the Epic To-Do List”. The summary of the article is as follows: The to-do list can be an indispensable tool when used to mindfully manage your time. But used indiscriminately, you become its servant. To get control of your priorities, you actually need three lists and a … Continue reading HBR: Taming the Epic To-Do List (March 26, 2018)
Alice Boyes has published her Harvard Business Review article, “How to Stop Procrastinating”. The summary of the article is as follows: Do you keep postponing work you need to do? The problem probably stems from one of three things: your habits and systems (or lack thereof), your desire to avoid negative emotions (like anxiety and … Continue reading HBR: How to Stop Procrastinating (May-June 2022)
Peter Bregman has published his Harvard Business Review article, “A Practical Plan for When You Feel Overwhelmed”. The article begins as follows: In general, September is often a difficult month: I’m catching up from summer vacation as are many of my clients, projects tend to regain momentum, the Jewish holidays reduce my work days, and … Continue reading HBR: A Practical Plan for When You Feel Overwhelmed (September 23, 2010)
Associate Editor Nicholas Chuckas is a rising fourth year student at the University of Virginia who is originally from Stamford, Connecticut. At UVA, he is double majoring in Political Philosophy, Policy, and Law as well as Economics. He also is minoring in East Asian Studies. Nicholas joined the Journal as Associate Editor in 2022
R&D credit's interplay with the employee retention creditBy Randy Crabtree, CPAMuch confusion surrounds the rules governing which wages can be used to claim the ERC and R&D tax credits. IRS audit rates decreased most for wealthy, GAO findsIn a study, the US Government Accountability Office finds that the IRS's individual tax audit rates decreased by … Continue reading AICPA Tax Insider (May 26, 2022): R&D credit’s interplay with the employee retention credit, IRS audit rates decreased most for wealthy, GAO finds; and More!
The IRS noted that the summer wedding season is fast approaching. Wedding planning is often overwhelming but figuring out how marriage will affect a couple's tax situation doesn't have to be. Here are a few things couples should think about as they prepare for the big day. Name and address changes People who change their … Continue reading IRS Tax Tip: Wedding planning checklist: cake, rings, flowers … tax forms? (May 18, 2022)
Associate Editor Will Frankenberry is a third year student at the University of Virginia where he is majoring in Politics and Government. Will joined the Journal as Associate Editor in 2022.
Bloomberg Tax has published an article titled Billionaire Must Stand Trial in Largest US Tax-Evasion Case. The article begins as follows: The judge overseeing billionaire Robert Brockman’s tax evasion case, the largest against an individual in US history, rejected his claims that dementia leaves him incompetent to stand trial.US District Judge George C. Hanks Jr.’s … Continue reading Billionaire Must Stand Trial in Largest US Tax-Evasion Case (May 23, 2022)
Building a tax-efficient retirement income plan for clientsBy Kelley C. Long, CPA/PFSFor retirees, effective tax planning requires taking a long view and spending down assets from a variety of sources each year. IRS blames old tech in destruction of information returnsThe IRS responds to a report by the Treasury Inspector General for Tax Administration that … Continue reading AICPA Tax Insider (May 19, 2022): Building a tax-efficient retirement income plan for clients, IRS blames old tech in destruction of information returns; and More!
The IRS noted that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes. However, summer is a great time to review withholding and see if summer plans will affect next year's tax return. Below are some common summertime tax situations and tips to help taxpayers figure … Continue reading IRS Tax Tip: School is out for the summer, but tax planning is year-round (May 17, 2022)
KPMG is offering a free webcast to discuss Section 1202 Exclusion for Sale of Qualified Small Business Stock. The summary is as follows: Section 1202 encourages investment in certain corporations by allowing taxpayers to exclude some (or all) of the taxpayer’s gain on the disposition of the entity. Although section 1202 has been around for … Continue reading KPMG Webcast: Family Office Fridays: Section 1202 Exclusion for Sale of Qualified Small Business Stock – May 20, 2022
The Key to Retaining Young Workers? Better Onboarding.By Donald Tomaskovic-Devey, Reyna Orellana, Ten ways employers can create jobs young people actually want to grow in. BUSINESS AND SOCIETYCautionary Tales from Cryptoland by Thomas StackpoleA Q&A with software engineer and Web3 critic Molly White. EMPLOYEE RETENTIONThe Downsides of Making a Counteroffer to Retain an Employee by … Continue reading HBR Hotlist (May 16, 2022): The Key to Retaining Young Workers? Better Onboarding.; Cautionary Tales from Cryptoland by Thomas Stackpole; and More