Learning Center

- There's no all-purpose way to value a closely held business. Professional appraisers look at a variety of factors such as the company's revenue, assets, competition and key executives. If the IRS rejects...

- Rev Proc 2008-16, 2008-10 IRB.A new IRS Revenue Procedure provides a safe harbor under which the IRS will not challenge whether a dwelling unit qualifies as property held for productive use in a trade...

- January 1, 2009, is the deadline by which employers maintaining Internal Revenue Code §403(b) plans must have formal plan documents in place and satisfy new compliance rules. Participation in §403(b)...