Samuel D. Fries

Court Rules Corporate Reporting Law is Unconstitutional but Requirements Remain

Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new reporting requirements on January 1, 2024. But on March 1, 2024, the U.S. District Court for the Northern District of Alabama ruled that the CTA is unconstitutional.

Social Security Tax Update: How High Can It Go?

Employees, self-employed individuals and employers all pay the Social Security tax, and the bite...

Tips for Reducing the Impact of NIIT

The net investment income tax (NIIT) was enacted more than a decade ago. While repeal has been...

Spelling Out the Rules for the Net Unrealized Appreciation Tax Break

Are you a small business owner or corporate owner holding appreciated company stock in your 401(k)...

Update on New Retirement Account Catch-Up Contribution Rules

The Setting Every Community Up for Retirement Enhancement (SECURE) Actbrought numerous changes to...

Crypto: What Taxpayers Need to Know

Cryptocurrencies have gone mainstream. You can now invest in them and use them to buy and sell many...

Update on Retirement Account RMDs

If you have a tax-favored retirement account, you generally must take required minimum...

Estate Planning Isn’t Just for the Wealthy

Thanks to today's favorable federal gift and estate tax rules, most people haven't amassed enough...

Midyear Tax Planning for Small Businesses and Owners

Summer isn't just for barbeques and baseball. It's also a good time to think about ways to cut your...

Are Your Social Security Benefits Taxable?

Many retirees have seen their Social Security benefits increase in 2023 due to a cost-of-living...