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The principles behind the passive-activity loss limitations rules under Code Sec. 469 and the net investment income Medicare tax under Code Sec. 1411 are similar -- limit business losses from passive activities or raise the tax on passive-type income a bit more, when not the direct result (at least not a significant part) of a taxpayer's labor. Congress, however, did not leave it at that -- or, as some would argue, leave well enough alone.
June 1 -
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A roundup of firm mergers and acquisitions from the previous month
June 1 -
When their favorite team lost a match, this small business lost a valuable customer
June 1 -
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Firms are finding new ways to bring value to NFP clients
June 1 -
Most firms get decent marks for providing a reasonably clear and attractive career model for their people -- folks know what the rungs on the ladder look like and what they need to do to climb it. They also offer an appealing, if often undifferentiated, value proposition to their employees that embodies what professionals receive in return for staying and contributing. Firms that get both these things right will have a reasonably good outcome in attracting, training and retaining the professionals they need to succeed.
June 1 -
Your spouse or partner seems strangely distant or removed, so what's going on? Ponder as you might, it just doesn't seem to add up. Suddenly you scan the calendar, and it comes to you, crystal clear -- it is tax season!
June 1 -
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Frequently satisfied by merchandising low-ticket items like 1040 preparation, CPAs think that any client who can fog a mirror may be a good PFP client.
June 1