October 2019 - Pinion

2019 Tax Filing Alert: Reporting Rules for Partnership Interests set to Change

January 26, 2023October 30, 2019 by K·Coe Editorial

Reading Time: < 1 minute

Schedule K-1, the Internal Revenue Service (IRS) tax form issued annually for investment in partnership interests, is awaiting finalization of changes that could impact 2019 tax reporting. Schedule K-1 is used to report each partner’s share of the partnership’s earnings, losses, deductions, and credits. Under the current expectation that the …

Financial Mucking 101

August 10, 2023October 23, 2019 by K·Coe Editorial

Reading Time: < 1 minute

Financial cleanup doesn’t sound like any fun, but neither does mucking out the stalls. Yet both are a necessary evil for most ranch or farm operations. Perhaps it would lighten the burden to know: one of these tasks doesn’t require rubber boots or daily attention, and tackling even a portion …

Are You Ready for a Growth Spurt?

August 10, 2023October 17, 2019 by K·Coe Editorial

Reading Time: 2 minutes

“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney Every business faces its share of challenges. Some are beyond our control, such as economic uncertainty, declines in customer spending, and regulatory factors. Other challenges encompass the creative innovation, development, and marketing …

Scary Cyber Scams

August 10, 2023October 7, 2019 by K·Coe Editorial

Reading Time: 3 minutes

October brings promise of candy corn, bright orange pumpkins, and trick-or-treaters delivering happy fright on Halloween night. October also symbolizes the month to recognize another type of fright – perhaps the most monstrous fright lurking and circling your business: the attack of the cyber scams and cyber criminals. This very …

Missouri Banks to Undergo Positive Tax Law Changes for 2020

August 10, 2023October 7, 2019 by K·Coe Editorial

Reading Time: 2 minutes

Tax year 2020 will bring several positive changes for Missouri banks. Senate Bills 884 and 769 (taking effect January 1, 2020), and Senate Bill 174 (took effect August 28, 2019), all could potentially affect your bank in big ways. Tax law changes can be tedious to decipher, so we’ve highlighted …

Shareholder Basis – Do you have to? Or should you?

August 10, 2023October 7, 2019 by K·Coe Editorial

Reading Time: 3 minutes

Due to recent reports that there has been a high rate of noncompliance, not only has the IRS published a formal letter regarding this issue, but we thought we could help explain the importance of basis letters for shareholders, as well as how and when they should be utilized. We’ll …

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