Archive for July 2017
The Compliance Conundrum: New IRS Risks for Intercompany Debt
By staying up to speed on the latest rules and regulations, you will reduce the risk of the IRS challenging your intercompany debts.
Read MoreHousing Authority News July 2017
https://www.aprio.com/media/newsletters/hud-7-17.html
Read MoreDivorcing Couple’s IRA is Subject to 10% Early Distribution Penalty
Establishing an individual retirement account (IRA) is a great way to prepare for the future. Although divorces are rarely foreseeable, separating couples should be aware that dividing an IRA may result in it being subject to income taxes, penalties, or both, if not structured properly. Evidenced in TC Memo 2017-125, the Tax Court has concluded…
Read MoreFlier Beware: You May Get Your Passport Revoked for Delinquent Tax Debt
Do you have significant tax debt? If so, you could have your passport revoked due to a new alliance between the IRS and the State Department. Learn more.
Read MoreVirginia Businesses: STOP Overpaying Local BPOL Tax Webinar Q&A
In June, Michael L. Colavito, Jr. and Grant Patterson hosted an informative webinar, “Virginia Businesses: STOP Overpaying Local BPOL Tax,” where they guided taxpayers in determining if they are paying too much in Virginia local business license tax, also known as BPOL tax. As a follow-up to this webinar, Michael and Grant have prepared answers…
Read MoreM&A Shop Talk: Tax Planning Using One-Day Note Concept Application
An S corporation selling shareholder should always evaluate whether the “one-day note” obligation planning concept will achieve federal and state tax optimization objectives of an asset sale transaction arrangement. There are some exceptions to applying this concept due to business reasons or overriding tax regimes, beyond the scope of this blog. The current tax provisions…
Read MoreYou’ve Discovered a Case of Employee Fraud: Now What?
Do you know how to combat employee fraud? Here are the steps to take if a trusted employee has stolen from you.
Read MoreNCI to be Acquired by HIG Capital
After two tumultuous years of CEO changes and an embezzlement controversy, NCI has announced that it will be acquired by HIG Capital for an enterprise value of approximately $283 million. End of a Chaotic Chapter NCI, a provider of IT and professional services and solutions to the federal government, replaced Founder and CEO Charles Narang…
Read MoreGrab Your Magnifying Glass: A Guide for New Executive Directors
By Thomas Carr, partner In the U.S., there are over 3,300 public housing authorities. For the executive directors tasked with leading these authorities, it’s often the job of a lifetime. After all, these organizations offer you a platform to actively engage with your community and enact positive, meaningful change. Are you ready to take over…
Read MoreAcing Your Audit: Finding the Right Mix of Financial Expertise
By Rebecca McCune, partner When it comes to the day-to-day operations of public housing authorities, it’s the finance team that’s responsible for ensuring compliance with a multitude of complex federal, state and local regulations. These staff members must act as the company’s eyes and ears when it comes to maintaining proper processes for obtaining capital,…
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