Author Archives: Michael Faehner

IRA Rollovers–Don’t Get Rolled in the Process

The failure to execute the actions required for the IRA rollover exactly the way the IRS wants you to will result in a penalty and sometimes a significant one.

Continue Reading »

IRS Announces Relief of New Filing Requirements for Charitable Organizations

One of the most controversial moves the IRS has made under the Pension Protection Act of 2006 (PPA) is to expand the number of organizations that have to file the very lengthy Form 990 which is the charities informational return.

Continue Reading »

Tax Break for SMBs with the HIRE Act

Congress passed the Hiring Incentives to Restore Employment (HIRE) Act which gives SMB owners two relatively minor tax breaks, but every little bit helps.

Continue Reading »

No Estate Plan Needed?

There have been some high profile deaths so far in 2010 that may beat the IRS. They didn\’t even need their elaborate estate plan. Or did they?

Continue Reading »

The Boss Has the Last Laugh

George Steinbrenner\’s estate may avoid any federal estate tax because of Congressional inaction. Will your estate be as lucky?

Continue Reading »