Integrated Professional Services

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Awards of RSUs can provide tax deferral opportunity

June 28, 2016

If restricted stock units (RSUs) are part of your compensation package, you may have a tax deferral opportunity. RSUs are contractual rights to receive stock (or its cash value) after the award has vested, but RSUs aren’t taxable until you actually receive the stock. So try arranging with your employer to delay delivery. This will defer income tax and may reduce or avoid your exposure to the additional 0.9% Medicare tax (because the RSUs are treated as FICA income). Any income deferral must satisfy the strict requirements of Internal Revenue Code Section 409A.

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Relief from Student Loan Debt: What Are the Tax Implications?

June 22, 2016

Many of today's college students graduate with a bundle of loan debt. Sometimes the loans are discharged or forgiven. In other cases, employers pay off all or part of student loans as a fringe benefit. In either case, there are tax implications for the student loan borrower. This article explains.

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What Can Employers Do with Forfeited Employee FSA Balances?

June 22, 2016

A flexible spending account (FSA) is a health care benefit that provides tax savings for employers and employees. FSAs contain a "use-it-or-lose-it" feature. This could result in employees losing money not spent in accounts after a certain amount of time. Click "Full Article" to learn the basics of FSAs, as well as what employers' options are for forfeited employee balances.

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