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Increasingly, those responsible for the procurement of software in an organization purchase multiple copies of software or licenses that are hosted and accessed via the ‘cloud.’ Typically, the host is located in a main office or central purchasing department in one state, and the software is then distributed or made available for use in offices in several other states, including use from home offices or by remote employees.

This article addresses personal gifts to family members and friends, as distinguished from charitable contributions to charitable organizations.

Trusts are a popular and powerful estate planning tool. Trusts may save estate tax as well as avoid probate and offer creditor protection of assets. There are also significant income tax consequences of establishing trusts – not only federal but also state tax implications.

The transition to ICD-10 has been hotly debated and twice delayed, most recently in April 2014, as explained in a previous BNN article. However, regardless of your personal opinions, the past two weeks have seen several developments regarding the ICD-10 implementation deadline of October 1, 2015 that should be watched closely.

We often overlook the importance of the address that taxpayers use on the face of their tax returns.

The IRS’s capitalization and repair regulations completely change the methodology used to distinguish between capitalized costs and deductible repair expenses, and many taxpayers and practitioners are still struggling to understand these complex rules.

For a variety of reasons, we sometimes lose track of things. Life can distract us and assets can be left behind in a change of address, with advancing age or forgetfulness, carelessness, indifference, or poor recordkeeping. Not infrequently, bank accounts, refunds, security deposits, uncashed checks, stock certificates issued in a stock split or merger, or the like simply don’t reach us in the usual way and may slip our minds.