The IRS issued updated instructions in mid-January 2022 for new tax forms K-2 and K-3 applicable to tax year 2021 for S-Corporations and partnerships/LLCs. The Schedule K-2 and K-3 forms expand on the IRS’s objective of more transparency related to a business or individual’s foreign (non-U.S.) income or foreign investments. The updated instructions indicate that […]
We are excited to announce that James (Jim) B. Wagoner, CPA will become the Managing Partner of Greenwalt CPAs effective January 1, 2022. Jim is becoming just the 5th Managing Partner in the firm’s 76 year history and his enthusiastic approach to excellent client service will ensure the continued success of the firm and our […]
Beginning shortly after the partner’s strategic planning retreat in late June, I plan on beginning a sabbatical. Several years ago, I wrote an article about the benefits that a sabbatical can have on clients, the management team and employees as well as for the executive who experiences it and now I will see if my research and theories were valid! Most […]
At the end of the last Congressional session, there were a couple of new bills signed into law by President Obama. In these bills, there were a few tax items passed that may affect you First, if you’ve ever been in college or had kids in college, you might have been able to take an […]
Greenwalt CPAs is delighted to announce that Marie Jett has been promoted to Principal at the firm effective January 1, 2014. Marie specializes in providing services to manufacturing and distribution companies, professional service organizations, small business clients and estates and trusts. Marie is a 1999 graduate from Indiana University and started with the firm in […]
Tim Ayler and Brandon Cook presented at the 2014 Indiana Green Expo at the Indiana Convention Center on Thursday, January 9th. The conference included companies from the green industry, including turf, irrigation and landscape companies, as well as golf courses and other businesses. The title of the presentation was Pay Attention! Overlooked Tax Breaks and […]
Anita Sherman, CPA, Larry Greenwalt, CPA, and Larry Brodnik, CPA have again been named as Five Star Wealth Managers. This recognition comes from the largest and most widely published wealth manager award program in North America. The Five Star Professional organization said in communicating this award, “Congratulations on reaching a level of excellence achieved by […]
By Marie Jett, CPA | Manager, Tax Services Group With the government shutdown, you may be wondering exactly what functions of the IRS are open. Yes, all tax return filing deadlines are still applicable and any payments due to the IRS still need to be made. However, no refunds will be issued. Additionally, the following […]
A group of 17 employees volunteered at Gleaners Food Bank on September 20. Our group had the very important job of inspecting donated food for damage and expiration. Once we inspect the food, it is received into the warehouse where it is further sorted and then distributed to over 450 agencies throughout Central and Southeastern […]
By Jim Wagoner, CPA | Partner, Director of Tax Services On Tuesday, September 24, 2013, Mark W. Everson, former IRS Commissioner and current Vice Chairman of our strategic tax incentives partner, The Alliant Group, met with our partners and staff and a number of concerned clients. We received an update on the environment for tax […]