Richard Willinger

Tax Outlook for 2021

Successful tax planning does not just require arranging one’s affairs to take advantage of current tax laws. It also requires anticipating changes that may occur so that you do not get caught with a plan that just does not work. The election is now behind us and we know that Democrats control the White House,…

Read More

Tax Impacts of the New COVID Relief Bill

The Consolidated Appropriations Act of 2021 has been passed by Congress and was signed by the President last Sunday, December 27th. The bill is very large and contains over 5,600 pages. It includes the COVID-Related Tax Relief Act of 2020 (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR), which contain…

Read More

Mercadien Webinar Replay: 2020 Year-End Tax Planning: What You Need to Know

Richard S. Willinger, CPA, MST, CGMA, Managing Director of Mercadien’s Private Company Services Group presented a webinar 2020 Year-End Tax Planning: What You Need to Know on Tuesday, December 15th. During the webinar, he went over: Individual Tax Updates Tax Impact of Working Remotely Potential Impact from Election Charitable Planning Estate & Gift Planning New Jersey…

Read More

A Discussion on COVID-19 & Its Impact on Organizations

Mercadien Managing Directors Kyle Neeld, Lee Boss, Sherise (Sherry) Ritter and Frank Pina all sat down online and had an open discussion answering frequently asked questions as it relates to the COVID-19 crisis and the impact it is having on organizations. Below are the highlights that came out of that discussion. Frank: What prompted Mercadien…

Read More

Mercadien Webinar Replay: CARES Act – Tax & Financial Reporting Considerations

Managing Directors Frank Pina, CPA, Lee D. Boss, CPA, MBA, & Rick Willinger, CPA, MST, presented a webinar CARES Act – Tax & Financial Reporting Considerations on Tuesday, April 14th. During the webinar, they went over: Background on the CARES Act Tax Impacts for Individuals & Businesses Financial Reporting Considerations: COVID 19 note disclosures to…

Read More

Tax Notice 2020-18: What You Need to Know

This week in Notice 2020-18, the Treasury Department and the Internal Revenue Service (IRS) announced special federal income tax return filing and payment relief in response to the ongoing Coronavirus (COVID-19) emergency.  This notice expands on and supersedes 2020-17 issued on March 18, 2020.  Just as news of the virus changes frequently, so does the…

Read More

Taxpayer Guide to Identity Theft

We know identity theft is a frustrating process for victims. The IRS is taking this issue very seriously and continues to expand on their robust screening process to stop fraudulent returns. What is identity theft? Identity theft occurs when someone uses personal information such as your name, Social Security number (SSN) or other identifying information…

Read More

What You Need to Know About the Incoming Tax Law

The tax reform legislation that Congress approved on December 20th was the largest change to the tax system in over three decades. The last time the U.S. tax code saw significant reforms was under President Reagan in 1986. Those reforms sought to simplify income tax, broaden the tax base and eliminate many tax shelters. Under this new…

Read More

The Tax Cuts and Jobs Act

On November 2, 2017, the U.S. House of Representatives Ways and Means Committee released a comprehensive tax reform bill called the “Tax Cuts and Jobs Act.”  The bill has a long way to go before it is law.  It is not possible to predict what provisions will survive, what will be added, or what will…

Read More

Preparing For The New Overtime Pay Rule

After much anticipation, the Department of Labor recently released a new rule that will change how employers compensate employees. Effective December 1, 2016, workers who earn above the previous threshold but below the new one will qualify to receive time-and-a-half for each hour they work surpassing 40 hours a week. An estimated 4.2 million salaried…

Read More