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Rules for Selling Investments to Related Parties

(Accounting Web) - Clients who wish to sell investments to family members should be aware that the IRS prohibits an investor from claiming losses on sales to "related parties." In this article, tax guru Julian Block breaks down the rules and explains how a client may salvage an investment loss.


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AccountantsWorld Is Now Part of the IRIS Family

AccountantsWorld has been acquired by IRIS Software Group. IRIS and AccountantsWorld share a deep commitment to professional accountants, and we're excited to be a part of a highly successful UK company that continues to expand dramatically in the North American market. LEARN MORE

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Will the ‘Great Resignation’ Become the Great Shakeout? 
(CPA Practice Advisor) - Should we be concerned about the rising number of accountants leaving the profession? If one is paying attention, the alarm bells are sounding across the board, and it really hits home if you’ve had a personal experience being short-staffed.

Estate Planning for Millennials: Adapting to Change 
(CALCPA) - Contrary to previous generations and the more traditional approach—go to college, get married, get a job, have children, work the job for 40 years, retire—millennials are more apt to work for themselves and create their own opportunities. Millennials also have digital assets that were not common with baby boomers.

Here are the States Suspending Their Gas Taxes 
(Yahoo) - CBS News Here are the states suspending their gas taxes Sarah Ewall-Wice Wed, March 23, 2022, 11:26 PM Connecticut became the latest state to approve a gas tax holiday as the governor signed a bill into law Thursday suspending the 25-cents-per-gallon tax from April until June. American consumers are facing the greatest pain at the pump seen in years...

Living Trusts: The Myths, the Benefits and the Rest 
(Kiplinger) - Living trusts don't reduce estate taxes or negate the need for a will. But a charitable trust does provide tax benefits.

After-the-Fact Payroll: Full compliance, zero headaches

After-the-Fact Payroll is the most comprehensive cloud-based solution for payroll compliance. Your filings are always accurate and on-time. Prepare and e-file federal and state forms including W2s, W3s, and 1099s, faster and easier than ever. LEARN MORE


About AccountantsWorld

At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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