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Here are your articles for Aug 25, 2016.
CDL will be involved in two big upcoming charitable events.  This will be our second year participating in the Stronger than Cancer Young Hero 5k, sponsored by Pediatric Oncology Support Team (POST) and our fifth year sponsoring the Take Steps for Crohn's & Colitis walk, sponsored by Crohn's & Colitis Foundation of America (CCFA).  

CDL supports a variety of different charities, especially those who have directly or indirectly affected CDL staff.  




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We would like to congratulate Stacey Horowitz for passing all four parts of the CPA exam.  Stacey started with the Firm in June 2016 as a Tax Staff Accountant.  She received her Bachelor of Business Administration and Master of Accountancy from Stetson University.  Passing the CPA exam is an important milestone in the accounting profession.  Congratulations, Stacey!





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Our world is more interconnected than ever before. The Internet has become an integral part of everyone's business and personal lives. But along with Web-based opportunities come risks of breaches and associated losses. Here are some sobering statistics from recent studies that underscore the importance of protecting your business against data breaches.


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Installment sales are often used to help complete a deal between a buyer and seller of real property. As an added bonus, they also offer three tax advantages to the seller. Here are the tax rules for installment sales, details on how this deal structure can sometimes save taxes when one is selling real estate, and reasons why installment sale treatment might not be the best option for every transaction.


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Did you recently inherit an IRA along with one or more additional beneficiaries? The rules regarding required minimum distributions (RMDs) may not necessarily be optimal for the younger beneficiaries when there are multiple beneficiaries or the inherited IRA lists a charity (or other nonhuman) as a beneficiary. Creative planning can save the day, but there's a hitch: The strategies must be employed by no later than September 30, 2016, for account owners who died in 2015.
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In lawsuits and legal actions, people may receive financial awards and settlements for reasons such as personal injury, emotional distress, discrimination and harassment. In this case, a woman received an award for emotional distress because of the way she was treated by her employer. She was discriminated against because of an injury suffered on the job. Was her award taxable?
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Alimony can be tax deductible, but only if it meets stringent requirements under tax law. Since alimony payments are often substantial, it is important for those paying them to be able to deduct them on their tax returns. Here's a look at what it takes for the payments to qualify for deductions, along with three U.S. Tax Court rulings illustrating what happened when taxpayers tried unsuccessfully to write off alimony.
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Fortune magazine's publishes an annual list of what it, and the Great Place to Work Institute, find are the best U.S. employers. The list tracks salary, corporate culture and employee perks. Continue reading to see which firms are at the top of the list, which companies were added this year and the rewards they provide to attract, motivate and keep the best talent.
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Our firm provides the information in this e-newsletter for general guidance only and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, expressed or implied, including but not limited to warranties of performance, merchantability and fitness for a particular purpose.


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