Author Archives: William Murphy

About William Murphy

William F. Murphy is the owner of Murphy Financial Group, P.C. The firm emphasizes in providing tax consulting and financial planning services to corporations, professional practices and individuals. He also provides consultation services on tax and financial planning issues to various news and publishing organizations on current tax law changes occurring within federal and state government. He is also the author of the “Murphy Minute” that is syndicated through various news organizations. Mr. Murphy is also associated with the law firm of Mallor Grodner LLP. The firm has offices in both Indianapolis and Bloomington Indiana. He assists in providing tax, valuation and financial analysis services focusing in the areas of Family law and business tax planning. https://www.linkedin.com/in/william-f-murphy-cpa-pfs-abv-cff-cgma-b38aa713/.

California Real Estate professionals….Watch out for this new ruling !

Posted on August 30, 2016 by William Murphy

Real estate professional status didn’t make rental losses automatically deductible !!   Gragg vs. U.S., (CA 9 8/4/2016) 118 AFTR 2d ¶ 2016-5091 The Court of Appeals for the Ninth Circuit, affirming the district court, has held that for purposes … Continue reading →

Posted in Newsletter, Tax Blog | Comments Off on California Real Estate professionals….Watch out for this new ruling !

A Great Planning idea for your recently divorced clients ..Post-divorce settlement sale of businesses between ex-spouses could be tax free !!

Posted on July 7, 2016 by William Murphy

Post-divorce settlement sale of businesses between ex-spouses was incident to divorce Belot, TC Memo 2016-113TC Memo 2016-113 The Tax Court has held that where a couple provided in their divorce agreement that they would each own 50% of their businesses, … Continue reading →

Posted in Tax Blog | Comments Off on A Great Planning idea for your recently divorced clients ..Post-divorce settlement sale of businesses between ex-spouses could be tax free !!

Indiana CPA Society nominates William F. Murphy for the Sidney Kess Award for Excellence in Continuing Education

Posted on May 17, 2016 by William Murphy

February 19, 2016 Steering Committee for the AICPA Conference on Tax Strategies AICPA 1455 Pennsylvania Avenue, NW 10th Floor Washington, DC  20004-1081   It is with great pleasure that the Indiana CPA Society nominates William F. Murphy for the Sidney … Continue reading →

Posted in Estate Planning Basics, Newsletter, Podcast, Tax Blog, Uncategorized | Comments Off on Indiana CPA Society nominates William F. Murphy for the Sidney Kess Award for Excellence in Continuing Education