So what do Bear Republic Brewing Co. and Linkenheimer LLP CPAs & Advisors have in common?
So what do Bear Republic Brewing Co. and Linkenheimer LLP CPAs & Advisors have in common? The answer is simple: Great people who are passionate about what they do and two companies that understand the [...]
Depreciation & Expensing Provisions in the PATH Act
Depreciation & Expensing Provisions in the PATH Act The PATH Act makes permanent the enhanced Code Sec. 179  expensing and phaseout limits, and 15-year write-off for qualifying leasehold improvements, restaurant buildings and improvements, and retail improvements. In addition, the Act provides for a [...]
Reminder IP PINs Are Required for Identity Theft Victims’ 2015 Returns
In mid December, the IRS issued CP01A notices containing a 6-digit Identity Protection Personal Identification Number (IP PIN) for taxpayers who are victims of tax-related identity theft. This notice is sent to taxpayers who: (1) [...]
2015 PATH Act Amendments Regarding Vineyards
One of the more interesting and potentially very beneficial amendments to the Internal Revenue Code as a result of the 2015 PATH Act related to vineyards are the new provisions related to bonus depreciation and [...]
PATH Act Changes to the Research Credit
The recently enacted "Protecting Americans from Tax Hikes Act of 2015" (i.e., the 2015 PATH Act) contains a provision making permanent the popular research credit. This credit encourages businesses to invest more in R&D by [...]
New PATH Act Provides Major Benefits to Businesses in 2015
With only two weeks remaining until the end of the year, Congress passed the Protecting Americans from Tax Hike (PATH) Act of 2015, which reinstates a large number of tax provisions that had expired in [...]
Happy Holidays from the Linkenheimer LLP Team!
It's the time of the year, where we reflect on all that is important to us: family, friends, health and hobbies. And during this time of reflection, the partners and staff at Linkenheimer would like [...]
Standard mileage rates will go down in 2016
Optional standard mileage rates for business use of a vehicle will go down beginning January 1st, 2016, the IRS announced on Thursday. For business use of a car, van, pickup truck, or panel truck, the rate [...]
File and Suspend Method of Claiming Social Security Benefits to Be Eliminated
The Bipartisan Budget Act of 2015 (H.R. 1314—the Act), signed by President Obama on 11/2/15, eliminates the file and suspend method, a popular strategy used by married couples to maximize their lifetime Social Security benefits. [...]
IRS Provides Tips for Year-end Gifts to Charity
The IRS has reminded taxpayers making year-end charitable contributions to keep in mind current tax law requirements. To claim a deduction, donated clothing and household items must be in good or better used condition; monetary [...]