September 15 Tax Deadline Reminder:

September 15 Tax Deadline Reminder: Final deadline to file corporate tax returns for the year 2015 if an extension was requested. (Forms 1120, 1120A, 1120S). Final deadline to file trust income tax returns (Form 1041) for the year 2015 if an extension was requested. Final deadline to file partnership tax returns (Form 1065) for the…

The Cadillac Tax

 The Cadillac tax is a 40 percent excise tax on “high cost” health plans set in place by the Affordable Care Act. However, despite the familiarity tax professionals have with its name, the details surrounding the Cadillac tax can be complicated and confusing, according to Brad Knox, vice president of federal relations at Aflac. Read…

Moving Up! Promotions at RotenbergMeril

Rotenberg Meril announced a number of promotions: Amy Gutkin has been promoted to audit manager; John Defeo to tax supervisor, Rocco Ignozza to audit senior, Karen Cianci to senior consultant, and Giovanni Rivera, Hasnain Naveed, Anthony Amigon and Miles Siegel to audit semi-senior.   As seen in Accounting Today

Is Life Insurance Taxable?

Life insurance proceeds are usually not taxable if they are paid to a specifically named beneficiary, such as your spouse or children. The life insurance proceeds may become taxable, however, if you name your estate as the beneficiary. At that point, the proceeds become a part of your estate, and can be subject to estate…