Artificial Intelligence to Help Resource-Strapped IRS More Efficiently Identify Tax Crimes
Tax criminals beware: like the hosts in Westworld, the Internal Revenue Service (IRS) is becoming sentient!…
Donations of Food Inventory Equals Sizeable Charitable Deductions for Restaurants
Restaurants that donate food inventory to charitable organizations could have the opportunity to claim tax deductions…
Virginia is for Lovers—and Internet Sales Tax
Virginia became the latest jurisdiction to implement an economic nexus standard for sales and use tax…
Managing Workers’ Compensation
Workers’ compensation is a form of insurance that is used to provide wage replacement and medical…
The Deductibility of an Estate’s Excess Deductions to Beneficiaries
As we planned for and now prepare estate and trusts returns for 2018, beneficiaries and executors…
The Accuracy-Related Penalty: New Disclosure Requirements
The Internal Revenue Service (IRS) has issued Revenue Procedure 2019-9, which outlines disclosure requirements to reduce…
How to Develop an IT Strategic Plan and Stick to It
Preparation Is your business prepared to successfully respond to an IT-related disaster? Different companies require varying…
Deductions for Meal and Entertainment Expenses under TCJA
The Internal Revenue Service (IRS) issued a notice clarifying the tax treatment of meal and entertainment…
Should your Medical Practice be a “C” Corporation?
The 2017 Tax Cuts and Jobs Act created the Internal Revenue Code (IRC) 199A, which provides…
Disaster at Kraft: What Purchase Price Allocations and Goodwill Impairment Can Teach Us about M&A Gone Wrong
On February 22, 2019, investors woke up to a shocking 27% decline at the opening bell…