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IRS Enhances Security, Puts Hurdles in Place to Tax Transcript Access

In an effort to bolster protections to taxpayer data, the Internal Revenue Service (IRS) recently... more
Blog

IRS Announces Enhanced Penalty Relief for Some 2018 Taxpayers

The first year of the Tax Cuts and Jobs Act (TCJA) has caused confusion for both tax professionals... more
Blog

White House Vows to Issue Tax Refunds During Shutdown

On Monday, January 7, the White House has vowed that the Internal Revenue Service (IRS) will issue... more
Video

South Dakota v. Wayfair: What Does This Mean For My Business?

South Dakota v. Wayfair, Inc. was a U.S. Supreme Court case which ruled that states may charge... more
Blog

Wayfair’s Impact on Multistate Income Taxes

States have acted quickly in response to the U.S. Supreme Court’s decision in South Dakota v.... more
Blog

Is this a IRS Scammer? Check for Yourself.

Each year, many taxpayers receive IRS scammer calls from individuals purporting to be IRS agents,... more
Blog

Older Taxpayers Can Use IRA Distributions to Get a Charitable Deduction

With the passage of the new tax reform act, many taxpayers will now be claiming the standard... more
October 8, 2018
Blog

IRS Issues Practice Aid on S Corporation Stock Basis Ordering Rules

In early January 2018, the IRS issued a practice unit on the S Corporation stock basis ordering... more
October 1, 2018
Blog

Selling Cannabis: Are Your Expenses Tax Deductible?

State legislation has now been passed in 30 states to legalize cannabis for medical or recreational... more
September 26, 2018
Blog

The Capitalized Costs of Cannabis

In 1937, Congress ratified the Marijuana Tax Act which made it illegal under federal law to deal in... more
September 24, 2018
Blog

Maryland Comptroller Issues Guidance on Approved Wayfair Regulations

The Maryland Comptroller has issued a tax alert instructing out-of-state vendors on how to apply... more