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IRS Confirms 2020 IRA and HSA Contribution Deadlines Extended to May 17, 2021

On March 17, 2021, the IRS extended the filing due date for individual tax returns to May 17, 2021.... more
March 31, 2021
Blog

American Rescue Plan Act of 2021

On March 11, 2021, Congress signed into law the American Rescue Plan Act of 2021, the latest... more
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Increase in Dependent Care FSA Limit for 2021

Under the recently signed American Rescue Plan Act of 2021 (ARPA), the dependent care flexible... more
March 12, 2021
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Maryland Comptroller Has Extended 2020 Income Tax Due Dates to July 15th

The Comptroller has extended the 2020 income tax filing and payment deadlines to July 15, 2021. The... more
March 12, 2021
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U.S. Taxpayers Subject to Foreign Digital Economy Taxes without Physical Footprint

Historically, certain types of foreign taxes in a foreign country may not have applied to U.S.... more
March 1, 2021
Blog

When to File CFC Interest Expense Limitation Elections

The TCJA U.S. Federal tax reform legislation enacted a business interest expense limitation... more
February 4, 2021
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New International Tax Reporting Required with Partnership and S Corporation Tax Returns

In recent years, the IRS has continued to emphasize U.S. international tax reporting as a high... more
January 29, 2021
Blog

S Corporation Acquisitions with Foreign Target Corporations

There are a couple of different structuring options for the acquisition of an S corporation.  A... more
January 29, 2021
Blog

U.S. Government Contractors and Foreign Branch Reporting on Form 8858

Beginning with the tax year 2018, the IRS now requires U.S. taxpayers to file the U.S. federal Form... more
January 29, 2021
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Tax Impacts of the Consolidated Appropriations Act

On December 27, 2020, Congress signed into law the Consolidated Appropriations Act, 2021 (the... more
January 13, 2021
Blog

New Retirement Plan Provisions Under the Consolidated Appropriations Act, 2021

The recent Taxpayer Certainty and Disaster Tax Relief Act of 2020 and the COVID-19 Related Tax... more
January 6, 2021
Blog

The Costs and Benefits of the GILTI High Foreign Tax Exception

The U.S. federal tax reform legislation in the Tax Cuts and Jobs Act of 2017 brought substantial... more
December 16, 2020