Tax Code | Paresky Flitt & Company, LLP

IRC 338(h)(10), A Hybrid Business Purchase Option

Jun 15, 2016 | Helpful Articles, Tax Code

Generally there are two methods of purchasing a corporation, buying the stock directly, or buying all the assets of the corporation. When buying the stock directly, the selling owner recognizes capital gain on the sale, and the buyer steps directly into the shoes of...

Tax Incentives Can Save Exporters Cash

Jul 26, 2013 | Tax Code

Tax Incentives Can Save Exporters Cash – by Howard Flitt Many CPAs and owners of businesses that export are missing the boat on one of the most powerful tax incentives available for exporters. The IC-DISC, a little known and underutilized tax incentive, holds...

Overview of the tax provisions in the 2012 American Taxpayer Relief Act

Jan 7, 2013 | Latest Tax Developments, Tax Audit Representation, Tax Code, Tax Legislation, Tax Planning and Preparation

Dear Client, The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income...

News from the Massachusetts Society of Certified Public Accountants

Mar 31, 2012 | Tax Code

We recently received the following news from the Massachusetts Society of Certified Public Accountants; “The Society received word from some members whose clients have received notices from the IRS regarding income not properly reported. This income is linked to Roth...

Due to coronavirus health and safety concerns, we have suspended all in person meetings.

We are asking that you use our secure portal, conventional mail or the dropbox in front of our office for the exchange of documents.

The tax deadline for filing and payments has been extended to July 15, 2020.

The IRS put out this Q&A regarding the change in due date from April 15th to July 15th. This is a really helpful read that addresses many of the questions we’ve received. Click here to read >