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In recent weeks, the IRS has issued a series of proposed regulations to help clarify provisions of the Tax Cuts and Jobs Act (TCJA). One of the most controversial parts of the...
The recent Wayfair decision has drastically altered the landscape for states that want to collect sales and use taxes. Prior to this landmark U.S. Supreme Court case, economic...
If you own assets that have appreciated significantly over the years, you may be able to profit more by giving them away than by selling them. By setting up a charitable...
BY JAMES M. KEHL, PUBLISHED BY BLOOMBERG TAX After the proposed regulations concerning the qualified business income (QBI) deduction were published, a CPA, who is a tax...
Here are just five of the tax-smart decisions we can help you make during the year. If handled properly, they might significantly reduce your tax liability: 1. Should you buy or...
Appropriate adjusting entries turn your books from a simple list of transactions into a far more accurate reflection of how your business is doing. You may think that as long as...
You might think your company saves money by handling bookkeeping and accounting services in-house. But many companies find that's not the case. Let's take a look at some of the...
There's one thing that Uncle Sam is serious about it: Taxpayers must file federal income tax returns when required. The IRS is notoriously tough on no-shows and insists tax...
You may have seen the television ads that promise to settle tax liabilities for "pennies on the dollar." The process, which involves the IRS Offer in Compromise program, is not...
Here is a library of IRS publications covering issues of concern to homeowners. The rules are often complicated and can be difficult to implement. Contact us if you need further...