Blog
Doctors and Divorce: What You Need to Know
Going through a divorce can be a difficult time for anyone involved. It’s an emotional situation... more
Blog
Tax Saving Strategy: Hire Your Kids
One often overlooked tax saving strategy is to hire your children to work for your business,... more
Blog
IRS Enhances Security, Puts Hurdles in Place to Tax Transcript Access
In an effort to bolster protections to taxpayer data, the Internal Revenue Service (IRS) recently... more
Form
2018 K-1 Instructions
Instructions for Federal Schedule K-1 are available at: 2018 Form 1041 K-1 Instructions... more
Form
2018 Form 1120S K-1 Instructions
For the latest information about developments related to Schedule K-1 (Form 1120S) and its... more
Form
2018 Form 1065 K-1 Instructions
For the latest information about developments related to Schedule K-1 (Form 1065) and the Partner's... more
Blog
Notice 2019-07: Section 199A Safe Harbor & Rental Real Estate Enterprises
Prior to Notice 2019-07, many taxpayers were uncertain as to whether all rental real estate... more
Blog
State Legislatures Tackling TCJA Conformity or Nonconformity
States have had a year to consider the impact of the Tax Cuts and Job Act of 2018 (TCJA), and now... more
Blog
IRS Issues Guidance on Parking Benefit Expenses to Be Included as UBTI for Nonprofits
The Internal Revenue Service (IRS) has issued Notice 2018-99, Parking Expenses for Qualified... more
Blog
Normalizing Owner Compensation
When performing a business valuation, I always consider making adjustments to revenue and/or... more
Blog
IRS Announces Enhanced Penalty Relief for Some 2018 Taxpayers
The first year of the Tax Cuts and Jobs Act (TCJA) has caused confusion for both tax professionals... more
Blog
Capitalize or Expense? The Age-Old Question of Repairs and Maintenance
The question of whether to capitalize or expense repairs and maintenance costs has plagued sole... more