Insights

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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
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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
January 6, 2021
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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
December 16, 2020
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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
November 16, 2020
Blog

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
November 12, 2020
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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
November 5, 2020
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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
October 28, 2020
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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
October 27, 2020
Blog

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
August 31, 2020
Blog

Is your ITIN Expiring?

Is your ITIN Expiring? At the end of this year, certain Individual Taxpayer Identification... more
August 31, 2020
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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
August 19, 2020
Blog

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
August 4, 2020