Welcome to our the FBLG Banking Library. Below are articles from our industry experts that highlight the expertise in each of our service areas.
Under Section 179, banks may elect to deduct as an expense the cost of any qualified (new or used) tangible or real property placed in service during the tax year.
Tax | 10/19/2017
If you own shares in an S-corporation you are required by Internal Revenue Service rules to track your ownership value in those shares or what is referred to as your basis in the shares.
Tax | 07/20/2017
The federal court ruled in June 2017 that although the IRS had the authority to require tax return preparers to obtian preparer tax identification numbers (PTINs), it did not have the authority to charge a fee for issuing the PTIN. The IRS is to provide refunds for all PTIN fees.
Tax | 06/15/2017