Insights

Blog

CARES Act Enhances Ability to Claim Charitable Deductions for Donated Food Inventory

With the Coronavirus Aid, Relief, and Economic Security (CARES) Act being signed into law on March... more
December 2, 2020
Blog

Tax Picture Comes into View on PPP Forgiveness

As we previously wrote, the IRS announced earlier this year (via Notice 2020-32) that forgivable... more
November 19, 2020
Blog

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
Blog

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
Blog

Maryland Entices Datacenters with New Sales Tax and Personal Property Tax Exemption

Earlier this year, Maryland followed in the footsteps of a number of other states by enacting tax... more
November 3, 2020
Blog

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
Blog

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

Valuation Issues to Consider When Making Gifts in 2020

We are noticing a decided uptick in gifting before the end of the year as many are anticipating an... more
October 27, 2020
Blog

What a Democratic Sweep Might Mean for Estate Taxes

If the Democrats end up controlling the House, Senate, and White House,  the following estate tax... more
October 26, 2020
Blog

Payroll Tax Deferral – Guidance Issued

The IRS has issued Notice 2020-65 to provide guidance on President... more
September 1, 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