August 2017

What Tax-Exempt Organizations Should Know About Filing a Form 926

By | August 17, 2017|Categories: Nonprofit, Taxing Thoughts|Tags: , , , |

Many tax-exempt organizations invest frequently in foreign alternative investments (e.g., hedge, private equity, real estate and venture capital funds). When investing into such funds, these tax-exempt organizations’ primary tax concern is generally to mitigate their risk of Unrelated Business Taxable Income (“UBTI”). Funds commonly avoid this UBTI issue for their tax-exempt organization investors by structuring [...]

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March 2017

The 2015 PATH Act and Qualified Improvement Property

By | March 2, 2017|Categories: Taxing Thoughts|Tags: , , |

History Since its inception in 2001, many taxpayers have used the Qualified Leasehold Improvements (QLI) designation as an effective tax planning strategy to help accelerate depreciation and recover the cost of certain improvements over a shorter period of time. For improvements that qualify, the recovery period is reduced from 39 years to 15 years. The [...]

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September 2016

Home Mortgage and Equity Loan Interest Deduction Limitations

By | September 1, 2016|Categories: Taxing Thoughts|Tags: , , , , , |

By Jennie Tieu (Senior Manager, Green Hasson Janks) Most taxpayers are aware that the mortgage interest deduction is limited to $1 million of acquisition indebtedness and $100,000 of home equity indebtedness on a qualified residence. These limitations apply to a single taxpayer or married taxpayers who jointly file their tax return. In the case of a [...]

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August 2016

Nonprofit Compensation

By | August 18, 2016|Categories: Nonprofit, Taxing Thoughts|Tags: , , , , , , , |

By: Blair Howard (Intern, Green Hasson Janks) and Lauren Haverlock (Principal, Green Hasson Janks) Managing executive compensation for the highest paid executives in any company can be difficult, but it becomes much more complex when discussing tax-exempt organizations. Not only must a nonprofit consider the effects of salary levels on the operating budget, the organization [...]

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April 2016

Three Great Tax Opportunities for Food and Beverage Companies

By | April 7, 2016|Categories: CPA Food Bites, Taxing Thoughts|Tags: , , , , , , , , , , , |

By: Akash Sehgal (Director, Green Hasson Janks) Many food and beverage companies are overlooking potential tax savings, thinking that their activities do not qualify for these opportunities. Based on our experience working with clients in this industry, Green Hasson Janks has identified a number of potential strategies you should consider. We have kept the information [...]

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February 2016

Tax Issues Arising From “Bargain” M&A Deals

By | February 11, 2016|Categories: Taxing Thoughts|Tags: , , , , , , , , |

By Curtis C. Kim (Senior Manager, Green Hasson Janks) In a transaction consummated by parties who are unrelated and on an equal footing, one often assumes that the terms of the transaction should represent the fair market value of the property being exchanged. Even the tax law appears to follow the same assumption that “[T]he [...]

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July 2015

Maximizing Section 199 Deductions for Entertainment Companies

By | July 22, 2015|Categories: Media Clips, Taxing Thoughts|Tags: , , , , , , , , , , |

By Daniel Rowe (Principal at Green Hasson Janks) Over the past 10 years it has been well publicized that state tax incentives have been increasingly beneficial and lucrative for entertainment companies, often in the form of state film credits. We recently wrote about California’s credit changes in their attempt to remain competitive in attracting and [...]

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Tax Considerations for Royalty Recipients

By | July 2, 2015|Categories: Media Clips, Taxing Thoughts|Tags: , , , , , |

By Daniel Rowe (Principal at Green Hasson Janks) When an artist, writer or musician receives royalty payments in exchange for the use of intellectual property, there are specific tax implications that should be considered. What are some of the implications and potential impacts for royalty recipients? Topics such as self-employment income, net investment income tax [...]

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September 2014

California Announces 2nd Round of Applications for the California Competes Credit

By | September 24, 2014|Categories: Taxing Thoughts|Tags: , , , , , , , |

The State of California recently announced three application periods for the California Competes Credit program for fiscal year 2014/2015. The State has allocated over $150 million to the program for fiscal year 2014/2015. This tax alert contains information on the following: What is the California Competes Credit? When are the remaining application periods? Should my [...]

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March 2014

Be Suspicious of Any Calls Claiming to be from the “Internal Revenue Service”

By | March 24, 2014|Categories: Taxing Thoughts|Tags: , , , , , , , |

By: Jigna Mehta More than 20,000 taxpayers have been targeted recently by calls from fake Internal Revenue Service agents. Thousands of victims, nearly in every state, have lost a total of more than $1 million. According to J. Russell George, Treasury Inspector General for Tax Administration, the fake IRS agents call taxpayers claiming they owe [...]

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