JMF Accounting Audit Tax Blog

Immigration Seminar

Title: Immigration SeminarLocation: Selma, AlabamaLink out: Click hereDescription: 7:30 a.m. - 9:30 a.m. at the Central Alabama Co-Op, Community Room in Selma, Alabama. Sponsored by the Selma and Dallas County Chamber of Commerce and JamisonMoneyFarmer PC. Admission is free. RSVP required at 334-875-7241.Start Date: 2011-10-24End Date: 2011-10-26

By |2015-06-05T19:29:02+00:00October 24th, 2011|News & Events|0 Comments

Estate Planning Awareness Week: Sieze the Day!

"Carpe Diem" is a latin phrase translated as "Pluck the Day" or more fashionably, "Sieze the Day".  The original source of the phrase is credited to the poet Quintus Horatius Flaccus (more widely known as Horace).  However, many less scholarly people (myself included) picked up the phrase from the character John Keating, played by Robin Williams, [...]

By |2017-05-18T22:55:17+00:00October 19th, 2011|Estate & Trust, Individual Tax, News & Events|0 Comments

Do you sponsor a SIMPLE IRA plan?

Sponsors of SIMPLE plans must make an annual notification to eligible employees regarding their opportunity to participate in the plan, and the contribution option the employer elects for the coming year (either the match or the non-elective).  This year the notice must be provided to eligible employees no later than Wednesday, November 2, 2011.  JMF will be sending [...]

Wealth Transfer Plans not like Golf: No Mulligans

A recent SEI Wealth Network survey found that 80% of those polled planned to transfer wealth directly to family members, yet only 46% actually had a plan in place to do so (read the article).  While this article did not mention him directly, I don't think "Uncle Sam" was the intended family member in any of these wealth transfer [...]

By |2015-06-05T19:29:02+00:00October 7th, 2011|Estate & Trust, Individual Tax, News & Events|0 Comments

Federal Appeals Court Affirms Gifting Strategy

A federal appeals court affirmed a popular gift tax strategy that is available for taxpayers to help lessen the blow when IRS does not accept valuation discounts on gifts.  This technique is intended to discourage the IRS from challenging valuation discounts.  By making gifts default to charity if the valuation discounts are adjusted by the IRS, it effectively takes those [...]

Construction Seminar “Surviving and Thriving in our Current Economy”

Title: Construction Seminar, "Surviving and Thriving in our Current Economy"Location: JamisonMoneyFarmer PC, Tuscaloosa, AL Link out: Click here to view invitationDescription: 7:30 a.m. until 10:30 a.m. join the JMF Construction Practice Group for a free seminar addressing financial issues and solutions relating to the construction industry in today's economy. A continental breakfast will be served [...]

By |2015-06-05T19:29:02+00:00October 4th, 2011|Construction, News & Events|0 Comments

Timber Damage & Tax Rules

In light of the widespread storm damage from the recent Alabama Tornados, forest owners need to be aware of the tax rules related to deducting losses from storm damage and deferring taxable income that may have arisen from insurance proceeds and/or salvaged timber. If you are a forest owner, the attached document contains an informative [...]

By |2015-06-05T19:29:02+00:00September 27th, 2011|Timber|0 Comments

New Home Builder Ad Valorem Tax Reduction Opportunity

Attention, Alabama home builders:   This year, the Alabama legislature passed Act 2011-544, the “Homeowners and Storm Victims Protection Act of 2011”.  The act became effective on September 1, 2011.  A provision in the act reduces ad valorem taxes you pay on your inventoried houses and underlying lots by 50% for a period of 24 [...]

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