Members of Religious §501(d) Organization Were Employees Even Though No Wage Was Paid, Employee Benefits Deductible to Entity

The Ninth Circuit in Stahl. v. United States ruled that an members of a §501(d) organization were actually employees of the organization, and that the income reported by the members should be reduced by the amounts paid by the organization for medical and meals that would be properly deductible as excludable fringe benefits.

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PROFIT RETENTION STRATEGIES FOR MEDICAL PRACTICES

Here is another professional article which may help you to help your doctor clients.  It is written by my associates Ike Devji, J.D., an attorney based here in Phoenix and Executive Vice President of The Wealthy 100, and Trisha Lotzer, J.D., an attorney based in Scottsdale whose practice has heavy emphasis on medical practices. PROFIT [...]

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Fatal Flaws in Doctors’ Asset Protection Planning

Here is an article which may help you to help your clients.  It is written by my associate Ike Devji, J.D., an attorney based here in Phoenix and Executive Vice President of The Wealthy 100, who specializes in asset protection. Fatal Flaws in Doctors’ Asset Protection Planning by Ike Devji, J.D. For the last seven [...]

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India is more than call centers and back offices says President Obama

President Barack Obama hailed India on Saturday as a vital source of US growth and jobs as his administration announced relaxation of US export controls to spur trade between the two countries. “As we look to India today, the United States sees an opportunity to sell our exports in one of the fastest growing markets [...]

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No Charitable Deduction for Contribution to Fire Department of Building Burned In Training

The Tax Court in Rolfs and Gallagher v. Commissioner reconsidered the basis of its decision in the Scharf case from 1973 (T.C. Memorandum 1973-265) regarding a charitable contribution deduction to be received by a taxpayer who donates a building to be used for training by a volunteer fire department. In both this case and the [...]

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FATCA countdown begins! Israeli bank requiring U.S. taxpayers to disclose accounts – Reuters

Banks worldwide swing into action to comply with U.S. law enacted under the Hire Act in March 2010. “Leumi, Israel’s biggest bank, is requiring U.S. clients to declare their deposits to the IRS, amid heightened scrutiny of offshore accounts by U.S. authorities. The bank is asking its clients to declare that they are not U.S. clients, [...]

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