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Massachusetts Moves Quickly to Implement Pass-through Entity Tax for 2021

Massachusetts is the most recent state to adopt an elective pass-through entity (PTE) tax. Despite... more
December 6, 2021
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Maryland Pass-Through Entities Making Entity-Level Election

At the end of June, the Comptroller of Maryland finally released its revised income tax forms to... more
August 4, 2021
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Is the SALT Cap Coming to an End?

The Tax Cuts and Jobs Act (TCJA) was one of the largest pieces of tax legislation passed within the... more
May 5, 2021
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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
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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
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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