Blog
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
Normalizing Owner Compensation
When performing a business valuation, I always consider making adjustments to revenue and/or... 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
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
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
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
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