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Gross Mendelsohn Blog

A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.

Which Valuation Method Should be Used for a Valuing Business for Gift and Estate Tax Purposes?

In the recent Tax Court opinion in Estate of Aaron U. Jones v. Commissioner of Internal Revenue (T.C. Memo 2019-101), the court came to some surprising opinions that benefit taxpayers valuing businesses for gift and estate tax purposes.
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How to Make Your Private School’s Next Audit Stress-Free

We recently polled private school heads and financial staff to find out whether their last audit was “stress-free.” Not surprisingly, nearly half of respondents answered “no.” While it’s easy to look at your school’s annual audit as a necessary evil, not...
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Are Your Payroll Taxes Actually Getting Paid?

Business owners and financial executives now have one more thing to keep track of – making sure payroll taxes are actually getting paid to tax authorities. With so many businesses relying on outside parties to process paychecks and pay employment taxes,...
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Divorce Lessons From Outer Space

It’s something that divorce attorneys see fairly regularly – one spouse accusing the other spouse of accessing their private bank accounts during the divorce process. But what happens when one of the spouses is accessing the bank accounts from space? ...
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How This Nonprofit Lost Their Nonprofit Status — Giving Hearts, Inc.

It’s not too often that you hear about an organization losing their nonprofit status. Here’s the story of one that did.
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Transactional Data Reporting (TDR) Pilot Is Extended by GSA

Government contractors and GSA acquisition personnel will have more time to understand and participate in the Transactional Data Reporting (TDR) pilot. GSA just announced that the TDR pilot has been extended through FY2020.
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