The Business Interest Deduction Limitation
Taxpayers filing their tax returns for tax years beginning after December 31, 2017 will need to…
What Does the Supreme Court Kaestner Decision Mean for My Trust?
Many trustees, beneficiaries, and settlors are aware of the U.S. Supreme Court’s recently-issued opinion relating to…
TDR and the Changing Face of GSA OIG Pre-Award Audits
Every year, the General Services Administration (GSA) Office of Inspector General (OIG) conducts around 40-50 GSA…
DoD Expands Opportunities for Quick Closeouts
Contractors with flexibly-priced contracts typically endure a lengthy and costly closeout process involving incurred costs submissions…
What You Need to Know about Virginia’s New Sales & Use Tax Collection Requirements
Many states have updated their laws since the Supreme Court issued its South Dakota v. Wayfair…
U.S. Government Contractors and Cross-Border Payroll Tax Issues
The cross-border global expansion of business activities continues to increase exponentially in the U.S. government contracting…
Is Your Business Ready for the District’s New Paid Family Leave Payroll Tax?
In less than two weeks, the Department of Employment Services will begin requiring District of Columbia…
IRS Announces Error in Instructions in Capital Gains Tax Calculation for Forms 1040 and 1041
The Internal Revenue Service (IRS) recently announced that the instructions for calculating tax on capital gains…
Inherited an IRA? It’s Not Always 100% Taxable
Beneficiaries of an inherited individual retirement account (IRA) are typically not privy to the income tax…
IRS Releases HSA Contribution Limits for 2020
The Internal Revenue Service (IRS) recently released the 2020 annual contribution limits for health savings accounts…