Blog
Tax Impacts of the Consolidated Appropriations Act
On December 27, 2020, Congress signed into law the Consolidated Appropriations Act, 2021 (the... more
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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
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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
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What Could Biden’s Proposed Tax Plan Mean for the Hospitality Industry and Its Operators?
With former Vice President Joe Biden now considered to be the President-Elect, there are rumors of... more
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The Biden Tax Plan – How it Affects You
With Joe Biden’s presidency all but official certifications away, a hard look at his tax plan... more
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IRS Liens Away From Many Repayment Requirements to Ease Taxpayers’ Burden During COVID-19 Pandemic
On Monday, November 2, the IRS announced a new initiative to help taxpayers who owe taxes to the... more
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Virtual Currency – New 1040 Disclosure
In 2019 the IRS introduced a new question on Schedule 1 of Form 1040 specifically asking if the... more
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Dollar Limits on Compensation and Benefits Announced
The Internal Revenue Service has announced the 2021 cost-of-living adjustments for various limits... more
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COVID-19 Relief Provided for Qualified Opportunity Funds and Investors
To provide relief in response to the COVID-19 pandemic for Qualified Opportunity Funds (QOFs),... more
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Is your ITIN Expiring?
Is your ITIN Expiring? At the end of this year, certain Individual Taxpayer Identification... more
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Prolonged Telecommuting Presents Difficult State Tax Reporting Issues
The COVID-19 pandemic has resulted in many businesses changing the way they conduct their... more
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Can Bankruptcy Resolve Your Federal Tax Debt?
The filing of bankruptcy puts an immediate halt on all IRS collection activities and a release on... more