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HHL Group, Inc. Newsletter for October 25, 2016


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  HHL Group, Inc.’s News

The IRS has issued a new warning to taxpayers to be on guard against bogus emails telling recipients that they owe money related to the Affordable Care Act. Here’s a rundown of the latest scam and how criminals are trying to scare people, as well as what you should do if you receive one of these emails.

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  Timely Opportunities

Partnerships and limited liability companies (LLCs) face new IRS guidance on how to allocate debt for tax purposes. Here’s a summary of new temporary and final regulations that interpret Section 752 of the Internal Revenue Code and how they’ll affect owners’ basis in these entities.

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  Commercial/ Rental Real Estate

Accidents happen, and if you own the property where your tenant or a visitor gets hurt, you could be held legally responsible. This article defines “negligence” when it comes to rental property, discusses steps a landlord can take to prevent accidents, and provides information about the insurance that protects property owners when inevitable accidents do happen.

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  Stocks & Bonds

Entrepreneurs have many choices when they want to raise capital for a venture. They can turn to family and friends or they can look to outside investors, including venture capitalists. When the time is right, entrepreneurs also can decide to raise money in the form of an Initial Public Offering. Take a look at this infographic to learn more about how stocks work.

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  Estate Planning

The U.S. Supreme Court’s decision declaring the Defense of Marriage Act (DOMA) unconstitutional may require some same-sex couples to reconsider their financial strategies. Federal agencies are still interpreting portions of Supreme Court’s ruling. And, with many states not recognizing same-sex marriages, challenges remain for those looking to update their financial strategies and approaches. Here’s a brief overview.

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  Latest Headlines
Wall Street opens flat as investors assess earnings
Reuters.com – Tue, 25 Oct 2016 10:45:26 -0400

General Motors beats earnings expectations, investor fears linger
Reuters.com – Tue, 25 Oct 2016 10:51:41 -0400

EU proposes common tax rules to close avoidance loopholes
Reuters.com – Tue, 25 Oct 2016 10:53:21 -0400

Lockheed Martin’s quarterly profit handily beats estimates
Reuters.com – Tue, 25 Oct 2016 09:53:33 -0400

Wallonia premier says region not opposed to EU-Canada free trade deal
Reuters.com – Tue, 25 Oct 2016 10:57:26 -0400

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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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