---
title: Utah Accounting, Tax, Financial Blog | Josh Tillotson
description: Josh Tillotson is a Senior Associate in the firm’s Salt Lake City office. Josh focuses his practice on tax planning and compliance for estates, businesses, and individuals; estate and succession planning for high net worth individuals and families; and assisting businesses with outsourced CFO services.
---

- [Contact Us](https://cmp.cpa/contact-us/)
- [Bill Pay](https://cmp.cpa/my-account/)
- [File Drop-Off](https://app2.gettruss.io/firm_drop_offs/new?auth_token=MTQyNyZ6OW1HeHh4NWhRbXNIRDF6RmU3OVZXRGJRUkV2aU5ZSGN0OXprNUtH&firm_user_id=3261)
- [Client Portal](https://app2.gettruss.io/client_portals/sign_in?client_portal_name=CMP-CPA)

[![CMP](https://blog.cmp.cpa/hubfs/Cookmartin-Dec2015/CMP-Logo.png "Cook Martin Poulson, P.C.")](https://cmp.cpa/)

- [Home](https://cmp.cpa/)
- [About](https://cmp.cpa/company/) 
    - [Meet the Team](https://cmp.cpa/company/meet-the-team/)
    - [Community](https://cmp.cpa/company/community/)
    - [CMP Celebrates 40-Years In Business](https://cmp.cpa/company/news/)
    - [Careers](https://cmp.cpa/company/careers/)
    - [Reviews & Testimonials](https://cmp.cpa/reviews/)
- [Services](https://cmp.cpa/services/) 
    - [Tax Preparation](https://cmp.cpa/services/income-tax-services/)
    - [Tax Planning](https://cmp.cpa/services/tax-planning/)
    - [Financial Audits & Reviews](https://cmp.cpa/services/financial-statements-audits-and-reviews/)
    - [Business Valuation](https://cmp.cpa/services/business-valuations/)
    - [Estate and Succession Planning](https://cmp.cpa/services/estate-succession-planning/)
    - [ERISA / 401K Audits](https://cmp.cpa/services/erisa-audits/)
    - [Crypto Tax Accountant](https://cmp.cpa/services/crypto-tax/)
    - [Federal R&D Tax Credit](https://cmp.cpa/services/rd-tax-credit-services/)
    - [Utah R&D Tax Credit](https://cmp.cpa/services/utah-rd-tax-credit-services/)
    - [Bookkeeping and Payroll](https://cmp.cpa/services/bookkeeping-and-payroll-services/)
    - [Accounting Software Solutions & Consulting](https://cmp.cpa/services/accounting-software-solutions/)
    - [Retirement Plan Services and TPA](https://cmp.cpa/services/retirement-plan-tpa-services/)
    - [Cost Segregation Studies](https://cmp.cpa/services/cost-segregation/)
    - [Outsourced CFO](https://cmp.cpa/services/cfo-outsourced-solutions/)
- [Industries](https://cmp.cpa/industries/) 
    - [Farm and Ranch](https://cmp.cpa/industries/farm-ranch-accountant-service/)
    - [Real Estate and Construction](https://cmp.cpa/industries/real-estate-construction/)
    - [Retail and Wholesale](https://cmp.cpa/industries/wholesale-and-retail-accounting-services/)
    - [Nonprofit](https://cmp.cpa/industries/non-profits/)
    - [Manufacturing](https://cmp.cpa/industries/manufacturing/)
    - [Healthcare](https://cmp.cpa/industries/healthcare/)
    - [Technology](https://cmp.cpa/industries/software-technology/)
    - [Internet Marketing/YouTube](https://cmp.cpa/industries/internet-marketing-youtube/)
- [Resources](https://cmp.cpa/resources/) 
    - [Videos](https://cmp.cpa/videos/)
    - [Tools](https://cmp.cpa/resources/#tools)
    - [Important Documents](https://cmp.cpa/resources/#import-doc)
    - [Important Links](https://cmp.cpa/resources/#import-link)
    - [FAQ](https://cmp.cpa/resources/faqs/)
    - [Problems We Solve](https://cmp.cpa/problems-we-solve/)
- [Blog](https://blog.cmp.cpa/)

  Wasatch Front  [801-467-4450](tel:8014674450) |  Logan  [435-750-5566](tel:4357505566) | Southern Utah  [435-269-4540](tel:4352694540)

![Salt-Lake-City-Utah.jpg](https://blog.cmp.cpa/hs-fs/hubfs/Cookmartin-Dec2015/Salt-Lake-City-Utah.jpg?width=1106&name=Salt-Lake-City-Utah.jpg "Salt-Lake-City-Utah.jpg")

# Tax & Accounting Insights from CMP

Explore by category

- [Tax Tips](https://blog.cmp.cpa/topic/tax-tips)
- [Tax](https://blog.cmp.cpa/topic/tax)
- [Retirement](https://blog.cmp.cpa/topic/retirement)
- [Tax Planning](https://blog.cmp.cpa/topic/tax-planning)
- [Small business](https://blog.cmp.cpa/topic/small-business)
- [CFO Services](https://blog.cmp.cpa/topic/cfo-services)
- [QuickBooks](https://blog.cmp.cpa/topic/quickbooks)
- [Estate and Succession Planning](https://blog.cmp.cpa/topic/estate-taxes)
- [IRS](https://blog.cmp.cpa/topic/irs)
- [CPA](https://blog.cmp.cpa/topic/cpa)
- [Financial Statements](https://blog.cmp.cpa/topic/financial-statements)
- [401k TPA](https://blog.cmp.cpa/topic/401k-tpa)
- [Audits](https://blog.cmp.cpa/topic/audits)
- [Fraud](https://blog.cmp.cpa/topic/fraud)
- [Payroll](https://blog.cmp.cpa/topic/payroll)
- [Property Tax](https://blog.cmp.cpa/topic/property-tax)
- [Starting a New Business](https://blog.cmp.cpa/topic/starting-a-new-business)
- [The Affordable Health Care Act](https://blog.cmp.cpa/topic/the-affordable-health-care-act-blog)
- [Saving](https://blog.cmp.cpa/topic/saving)
- [Business Valuation](https://blog.cmp.cpa/topic/business-valuation)
- [College Savings](https://blog.cmp.cpa/topic/college-savings)
- [IRAs](https://blog.cmp.cpa/topic/iras)
- [Income Tax](https://blog.cmp.cpa/topic/income-tax)
- [Managing Employees](https://blog.cmp.cpa/topic/managing-employees)
- [News](https://blog.cmp.cpa/topic/news)
- [Nonprofit Organizations](https://blog.cmp.cpa/topic/nonprofit-organizations)

<https://twitter.com/TaxHeroes> <https://www.facebook.com/UtahCMP/> <https://www.linkedin.com/company/utahcmp/>

## Josh Tillotson

![](https://blog.cmp.cpa/hubfs/Blog_Author/Tillotson_-_Profile_picture.jpg)

Josh Tillotson is a Senior Associate in the firm’s Salt Lake City office. Josh focuses his practice on tax planning and compliance for estates, businesses, and individuals; estate and succession planning for high net worth individuals and families; and assisting businesses with outsourced CFO services.

### Recent Posts

[![](https://blog.cmp.cpa/hubfs/Blog_Images/Introduction_To_Family_Limited_Partnerships.jpg)](https://blog.cmp.cpa/introduction-to-family-limited-partnerships)

## [Introduction To Family Limited Partnerships](https://blog.cmp.cpa/introduction-to-family-limited-partnerships)

 February 19, 2016 By [Josh Tillotson](https://blog.cmp.cpa/author/josh-tillotson)

[All posts](https://blog.cmp.cpa/all)

*This content is for educational purposes only and may not apply to your specific tax situation. Tax laws are complex, subject to change, and depend on individual circumstances. Consult a qualified tax advisor before relying on this information.*

RECENT BLOG POSTS

- [How Are Stock Options Taxed? A Complete Guide to ISOs, NSOs, and RSUs](https://blog.cmp.cpa/stock-options-tax-guide/)
- [How to File Taxes If You Switched Jobs](https://blog.cmp.cpa/changing-jobs-impact-tax-return)
- [When Is a Financial Statement Review Enough?](https://blog.cmp.cpa/when-is-financial-statement-review-enough)

Get our quarterly tax newsletter

Four short emails a year, each timed to a moment that matters for your taxes, with a practical tip from one of our CPAs in every issue.

Unsubscribe anytime.

Posts by Tag

- [401k Audits (4)](https://blog.cmp.cpa/topic/401k-audits)
- [401k TPA (9)](https://blog.cmp.cpa/topic/401k-tpa)
- [Accounting Software (7)](https://blog.cmp.cpa/topic/accounting-software)
- [Bookkeeping (7)](https://blog.cmp.cpa/topic/bookkeeping)
- [Business Acquisition (6)](https://blog.cmp.cpa/topic/business-acquisition)
- [Business Advice (7)](https://blog.cmp.cpa/topic/business-advice)
- [Business Structure (8)](https://blog.cmp.cpa/topic/business-structure)
- [Business Taxes (11)](https://blog.cmp.cpa/topic/business-taxes)
- [Capital Gains (5)](https://blog.cmp.cpa/topic/capital-gains)
- [CFO Services (2)](https://blog.cmp.cpa/topic/cfo-services)
- [College Savings (2)](https://blog.cmp.cpa/topic/college-savings)
- [Construction & Engineering (1)](https://blog.cmp.cpa/topic/construction-engineering)
- [CPA (4)](https://blog.cmp.cpa/topic/cpa)
- [Crypto (6)](https://blog.cmp.cpa/topic/crypto)
- [Estate & Succession Planning (9)](https://blog.cmp.cpa/topic/estate-succession-planning)
- [Family Business (5)](https://blog.cmp.cpa/topic/family-business)
- [Farmers & Ranchers (5)](https://blog.cmp.cpa/topic/farmers-ranchers)
- [Filing Taxes (13)](https://blog.cmp.cpa/topic/filing-taxes)
- [Financial Advice (4)](https://blog.cmp.cpa/topic/financial-advice)
- [Financial Statements (7)](https://blog.cmp.cpa/topic/financial-statements)
- [Fraud (1)](https://blog.cmp.cpa/topic/fraud)
- [IRS (7)](https://blog.cmp.cpa/topic/irs)
- [Loans (2)](https://blog.cmp.cpa/topic/loans)
- [Non-Profit (2)](https://blog.cmp.cpa/topic/non-profit)
- [Payroll (11)](https://blog.cmp.cpa/topic/payroll)
- [R & D (6)](https://blog.cmp.cpa/topic/r-d)
- [Real Estate (11)](https://blog.cmp.cpa/topic/real-estate)
- [Retirement (6)](https://blog.cmp.cpa/topic/retirement)
- [Self Employed (5)](https://blog.cmp.cpa/topic/self-employed)
- [Small Business (59)](https://blog.cmp.cpa/topic/small-business)
- [Starting a Business (3)](https://blog.cmp.cpa/topic/starting-a-business)
- [Tax Credits (13)](https://blog.cmp.cpa/topic/tax-credits)
- [Tax Deductions (13)](https://blog.cmp.cpa/topic/tax-deductions)
- [Tax Forms (6)](https://blog.cmp.cpa/topic/tax-forms)
- [Tax Planning (18)](https://blog.cmp.cpa/topic/tax-planning)
- [Tax Tips (17)](https://blog.cmp.cpa/topic/tax-tips)
- [Taxes (63)](https://blog.cmp.cpa/topic/taxes)
- [Utah (5)](https://blog.cmp.cpa/topic/utah)

See all

Services

- [Bookkeeping and Payroll](https://cmp.cpa/services/bookkeeping-and-payroll-services/)
- [Income Tax Services](https://cmp.cpa/services/income-tax-services/)
- [Business Valuation](https://cmp.cpa/services/business-valuations/)
- [Outsourced CFO](https://cmp.cpa/services/cfo-outsourced-solutions/)

Search this site on Google

Search Google

Trusted By:

Trusted By:

- ![](https://cmp.cpa/wp-content/uploads/Fisher-1.png)
- ![](https://cmp.cpa/wp-content/uploads/kaddas-1.png)
- ![](https://cmp.cpa/wp-content/uploads/Renegade.png)
- ![](https://cmp.cpa/wp-content/uploads/cvm.png)
- ![](https://cmp.cpa/wp-content/uploads/evolution.png)
- ![](https://cmp.cpa/wp-content/uploads/Baicor.png)
- ![](https://cmp.cpa/wp-content/uploads/Cliffside.png)
- ![](https://cmp.cpa/wp-content/uploads/Vista-Healthcare.png)
- ![](https://cmp.cpa/wp-content/uploads/Spartan-Logo.png)
- ![](https://cmp.cpa/wp-content/uploads/SWSP-Southwest-Spine.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Rancho-Markets%201.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Highmark-Consturction-Logo.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Chanshare-Farms-Logo.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Mebie%20Baby%201.png)

![](https://cmp.cpa/wp-content/uploads/Fisher-1.png) ![](https://cmp.cpa/wp-content/uploads/kaddas-1.png) ![](https://cmp.cpa/wp-content/uploads/Renegade.png) ![](https://cmp.cpa/wp-content/uploads/cvm.png) ![](https://cmp.cpa/wp-content/uploads/evolution.png) ![](https://cmp.cpa/wp-content/uploads/Baicor.png) ![](https://cmp.cpa/wp-content/uploads/Cliffside.png) ![](https://cmp.cpa/wp-content/uploads/Vista-Healthcare.png) ![](https://cmp.cpa/wp-content/uploads/Spartan-Logo.png) ![](https://cmp.cpa/wp-content/uploads/SWSP-Southwest-Spine.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Rancho-Markets%201.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Highmark-Consturction-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Chanshare-Farms-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Mebie%20Baby%201.png) ![](https://cmp.cpa/wp-content/uploads/Fisher-1.png) ![](https://cmp.cpa/wp-content/uploads/kaddas-1.png) ![](https://cmp.cpa/wp-content/uploads/Renegade.png) ![](https://cmp.cpa/wp-content/uploads/cvm.png) ![](https://cmp.cpa/wp-content/uploads/evolution.png) ![](https://cmp.cpa/wp-content/uploads/Baicor.png) ![](https://cmp.cpa/wp-content/uploads/Cliffside.png) ![](https://cmp.cpa/wp-content/uploads/Vista-Healthcare.png) ![](https://cmp.cpa/wp-content/uploads/Spartan-Logo.png) ![](https://cmp.cpa/wp-content/uploads/SWSP-Southwest-Spine.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Rancho-Markets%201.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Highmark-Consturction-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Chanshare-Farms-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Mebie%20Baby%201.png)

<https://blog.cmp.cpa/author/josh-tillotson#top>

- Services
- [Financial Statements Audits and Reviews](https://cmp.cpa/services/financial-statements-audits-and-reviews/)
- [Tax Preparation Services](https://cmp.cpa/services/income-tax-services/)
- [CFO Outsourced Solutions](https://cmp.cpa/services/cfo-outsourced-solutions/)
- [Estate & Succession Planning](https://cmp.cpa/services/estate-succession-planning/)
- [Employee Benefit Plan Audit Services](https://cmp.cpa/services/erisa-audits/)
- [Business Valuation](https://cmp.cpa/services/business-valuations/)
- [Bookkeeping and Payroll](https://cmp.cpa/services/bookkeeping-and-payroll-services/)
- [Crypto Tax Services](https://cmp.cpa/services/crypto-tax/)
- [View All Services](https://cmp.cpa/services/)

Follow Us

<https://www.facebook.com/UtahCMP/> <https://twitter.com/TaxHeroes> <https://www.linkedin.com/company/utahcmp/> <https://www.youtube.com/@UtahCMP>

Layton:

1916 Layton Hills Parkway  
Suite 210  
Layton, UT 84041  
[(801) 467-4450](tel:8014674450)

Logan:

632 North Main Street   
Logan, Utah 84321  
[(435) 750-5566](tel:4357505566)

Southern Utah:

491 N Bluff St  
Suite 206  
St George, UT 84770  
[(435) 269-4540](tel:4352694540)

[Sitemap](https://cmp.cpa/sitemap/)

Copyright © 2026 - CMP. [Privacy Policy](https://cmp.cpa/privacy-policy/) | All rights reserved.  
MotivHealth creates and publishes the Machine-Readable Files on behalf of CMP To link to the Machine-Readable Files, please [click here](https://www.motivhealth.com/machinereadablefiles/).

Trusted By:

Trusted By:

- ![](https://cmp.cpa/wp-content/uploads/Fisher-1.png)
- ![](https://cmp.cpa/wp-content/uploads/kaddas-1.png)
- ![](https://cmp.cpa/wp-content/uploads/Renegade.png)
- ![](https://cmp.cpa/wp-content/uploads/cvm.png)
- ![](https://cmp.cpa/wp-content/uploads/evolution.png)
- ![](https://cmp.cpa/wp-content/uploads/Baicor.png)
- ![](https://cmp.cpa/wp-content/uploads/Cliffside.png)
- ![](https://cmp.cpa/wp-content/uploads/Vista-Healthcare.png)
- ![](https://cmp.cpa/wp-content/uploads/Spartan-Logo.png)
- ![](https://cmp.cpa/wp-content/uploads/SWSP-Southwest-Spine.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Rancho-Markets%201.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Highmark-Consturction-Logo.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Chanshare-Farms-Logo.png)
- ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Mebie%20Baby%201.png)

![](https://cmp.cpa/wp-content/uploads/Fisher-1.png) ![](https://cmp.cpa/wp-content/uploads/kaddas-1.png) ![](https://cmp.cpa/wp-content/uploads/Renegade.png) ![](https://cmp.cpa/wp-content/uploads/cvm.png) ![](https://cmp.cpa/wp-content/uploads/evolution.png) ![](https://cmp.cpa/wp-content/uploads/Baicor.png) ![](https://cmp.cpa/wp-content/uploads/Cliffside.png) ![](https://cmp.cpa/wp-content/uploads/Vista-Healthcare.png) ![](https://cmp.cpa/wp-content/uploads/Spartan-Logo.png) ![](https://cmp.cpa/wp-content/uploads/SWSP-Southwest-Spine.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Rancho-Markets%201.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Highmark-Consturction-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Chanshare-Farms-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Mebie%20Baby%201.png) ![](https://cmp.cpa/wp-content/uploads/Fisher-1.png) ![](https://cmp.cpa/wp-content/uploads/kaddas-1.png) ![](https://cmp.cpa/wp-content/uploads/Renegade.png) ![](https://cmp.cpa/wp-content/uploads/cvm.png) ![](https://cmp.cpa/wp-content/uploads/evolution.png) ![](https://cmp.cpa/wp-content/uploads/Baicor.png) ![](https://cmp.cpa/wp-content/uploads/Cliffside.png) ![](https://cmp.cpa/wp-content/uploads/Vista-Healthcare.png) ![](https://cmp.cpa/wp-content/uploads/Spartan-Logo.png) ![](https://cmp.cpa/wp-content/uploads/SWSP-Southwest-Spine.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Rancho-Markets%201.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Highmark-Consturction-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Chanshare-Farms-Logo.png) ![](https://blog.cmp.cpa/hubfs/Trusted%20By%20Logo/Mebie%20Baby%201.png)

```json
{
  "@context" : "https://schema.org",
  "@id" : "https://blog.cmp.cpa/author/josh-tillotson#profilepage",
  "@type" : "ProfilePage",
  "mainEntity" : {
    "@id" : "https://blog.cmp.cpa/author/josh-tillotson#person",
    "@type" : "Person",
    "description" : "Josh Tillotson is a Senior Associate in the firm’s Salt Lake City office. Josh focuses his practice on tax planning and compliance for estates, businesses, and individuals; estate and succession planning for high net worth individuals and families; and assisting businesses with outsourced CFO services.",
    "image" : "http://cdn2.hubspot.net/hubfs/1853761/Blog_Author/Tillotson_-_Profile_picture.jpg",
    "name" : "Josh Tillotson",
    "url" : "https://blog.cmp.cpa/author/josh-tillotson"
  },
  "url" : "https://blog.cmp.cpa/author/josh-tillotson"
}
```