Ong & Company Blog

New Partnership Rules

Nick Ong / October 03, 2016 /

Partnership Rules

No one likes to hear "audit" and "IRS" in the same sentence. When the rules change, you need to be prepared — and change is definitely what has happened to IRS partnership audit rules. Here's an ...

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Client Spotlight: Enduralock

Zach Davis / September 30, 2016 /

Client Spotlight

Enduralock is turning heads in the aerospace industry after earning top marks at the Starburst Accelerator startup compeitition and being selected as a finalist in the LaunchKC startup competition. ...

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Is it time to update your trust?

Nick Ong / September 26, 2016 /

Estate Planning

Do you have trust issues? If you've established a trust as part of your estate plan, the answer may be yes — and you might be unaware of those issues. Fortunately, getting your trust back on track ...

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Mortgage Interest Deduction Limits

Richard Ong / September 16, 2016 /

Interpreting the tax code can be difficult, even for the IRS, and sometimes that means you can benefit. An example is the recent IRS acceptance of a court decision on the proper way to calculate a ...

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New Relief for Late IRA Rollovers

Richard Ong / September 09, 2016 /

Retirement Savings

Requesting forgiveness for an IRA rollover error may now be a bit simpler and less expensive, thanks to a recently-issued IRS procedure. If you inadvertently missed the 60-day time limit for making ...

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You Still Have Time to Establish a Retirement Plan for your Business

Nick Ong / September 02, 2016 /

Retirement Savings

The problem with time is that you always think you have enough. Fall is already here, and the time for establishing a retirement plan for your business is ticking down to the deadline. Here are two ...

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Client Spotlight: Prairie Fields Dentistry

Nick Ong / September 01, 2016 /

Client Spotlight

After working under some of the brightest minds in dentistry, Dr. Luke Wolniak channeled his passion and expertise into his own dental practice: Prairie Fields Dentistry, which celebrated its ...

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Gift & GST Tax Planning

Richard Ong / August 26, 2016 /

Estate Tax, Tax Planning

As you begin your estate planning, strategies for reducing estate tax may be first on your to-do list. Or perhaps you think the current $5.45 million exclusion, combined with portability of the ...

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Avoid Tax on Real Estate Sales

Richard Ong / August 24, 2016 /

Real Estate

Are you holding onto business or investment real estate primarily because of the taxes you would incur upon a sale? Section 1031 of the Internal Revenue Code may provide you with the ability to defer ...

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Are you familiar with these tax code sections?

Nick Ong / August 22, 2016 /

Tax Planning

While the tax code sometimes seems like a foreign language, understanding it can help you make informed decisions. The good news is that you probably know more tax code sections than you think. Here ...

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