In Case You Missed It

The information below provides a short review of various tax information items Eide Bailly recently published. To read more click the "Learn more" link shown after each summary.

FATCA Decision Tree

The Foreign Account Tax Compliance Act, or FATCA, enforces taxpayer reporting of certain foreign financial accounts and other offshore assets. Is your company struggling with its FATCA reporting? Review our FATCA and Chapter 3 Withholding and Reporting Decision Tree to learn more.

Funding Disability Expenses Using ABLE Accounts

The Tax Increase Prevention Act of 2014, passed late last year, allows states to establish and maintain a new type of tax-advantaged savings program for people with disabilities. The new savings legislation is provided under Section 529A of the Internal Revenue Code and is used to help fund qualified disability expenses. It is referred to as the Achieving a Better Life Experience (ABLE) Act. Learn more.

Is Tapping Your IRA for a Home Down Payment a Good Idea?

Although tarnished by the sluggish economy over a number of years, the "American Dream" of owning a home is still a top priority for many people. And, with the current low home mortgage interest rates, the appeal of home ownership has increased. However, it takes cash to close a home ownership deal, leading many people to search for ways to increase the money they have available for closing. Learn more.

National Tax Office Tax Consulting Brochure

The Eide Bailly National Tax Office released a tax consulting brochure that details our various services and provides contact information for NTO resources. This brochure includes information on services such as cost segregation, tax controversy, accounting methods & periods, and more! Learn more.

State and Local Tax Overview

Interested in learning more about various state and local taxes? Watch our recent State and Local Tax Overview video to learn more. 

2015 Tax Trends Webinar Series

The Tax Trends Webinar Series is designed to offer education and information on issues affecting your business. The sessions are taught by experienced Eide Bailly professionals. Learn more.

It's Simple: No Deduction if You Don't Follow the Rules

A tax deduction for a charitable donation is only allowable if a taxpayer follows the rules for substantiating the donation, regardless of taxpayer donative intent or actually making the donation. We have written about the charitable donation substantiation requirements before, but a recent Tax Court case offers some additional insight indicating there is no "middle ground" or "partial deduction opportunity" when the rules are not followed. Learn more.