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HHL Group, Inc. Newsletter for March 29, 2016

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  Timely Opportunities

Audits of partnerships rose in 2015 as the IRS shifted agents away from C corporations and toward pass-through entities, according to a recent enforcement report. In addition, Congress has enacted legislation that will revise the audit rules for partnerships. The new rules may be complex, but one thing is certain: Partnerships and other types of pass-through entities will likely face higher audit risks in the coming years.
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  Personal Finance

There’s no question that long-term care is extremely expensive. That’s why, when shopping for long-term care coverage, it is important to make sure that the plan is a comprehensive one and that you are getting the plan you paid for. Naturally, consumers want to find a good deal. Unfortunately, they may fall prey to ever-present scam artists, seeking to steal whatever they can from victims, including vulnerable senior citizens.
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  Tax Planning

Depending on where you live, property tax can be a formidable cost. According to the National Taxpayers Union Foundation, 30% to 60% of taxable property has an inflated assessment, which could lead to an inflated property tax bill. Yet very few taxpayers challenge the assessments. There are ways to do this, but you must be careful to follow the rules. Keep reading for details.
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Not many consumers get the satisfaction out of buying insurance that they do out of more visible, obvious expenditures, like putting in a flowerbed. Some insurance, of course, is required by law. Others are optional, and it’s easy to see that type of coverage as a sort of loss, as in “money down the drain.” But it’s important to see insurance for what it is: wealth protection.
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  Latest Headlines
NBC sells $1 billion in ads for Rio Olympics
Reuters.com – Tue, 29 Mar 2016 14:54:38 GMT

U.S. FTC sues Volkswagen over diesel advertising claims
Reuters.com – Tue, 29 Mar 2016 14:34:36 GMT

SunEdison at risk of bankruptcy, unit says; shares plummet
Reuters.com – Tue, 29 Mar 2016 14:20:00 GMT

Casino agent in Philippines says high-rollers brought in heist money
Reuters.com – Tue, 29 Mar 2016 14:11:02 GMT

Energy shares drag Wall St. down, Yellen speech awaited
Reuters.com – Tue, 29 Mar 2016 13:55:36 GMT

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  Disclaimer of Liability
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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