Expanded Sec. 152 for Dependents
The Tax Cuts and Jobs Act broadened the Child Tax Credit and introduced some big changes…
Read this Insight...The Impact of Tax Reform on Alimony
The Tax Cuts and Jobs Act has turned the tax code upside down on alimony, especially…
Read this Insight...IRS Releases 2018 Pension Plan Contribution Limits
A new year brings new changes. The Internal Revenue Service recently announced updated pension plan contribution…
Read this Insight...A New Twist on an Old Scam
As many are aware, tax scams are on the uptick. What you may not know is…
Read this Insight...Construction Companies Go Green
The construction industry has discovered that greening its energy sources with renewable energy initiatives is good…
Read this Insight...New Deadline and Increased Penalties for Forms 1099 and W-2
The IRS is getting stricter on filing deadlines for information returns and have increased penalties for…
Read this Insight...
IRS Announces Various Tax Benefit Increases for 2016
For tax year 2016, the IRS recently announced many annual inflation adjustments. IRS Revenue Procedure 2015-53…
Read this Insight...
The CARES Act: Big Changes to Retirement Plans
Let’s talk retirement planning. How should retirement accounts be handled after the big changes seen in ...
Read this insight 
May 7 Deadline for Big Businesses
The Treasury Department is granting safe harbor to large and public companies that voluntarily return stimulus ...
Read this insight 
The CARES Act: An Overview for Individuals
The CARES Act provides some big wins for individual taxpayers who are in need of an ...
Read this insight 
The CARES Act: An Overview for Businesses
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March ...
Read this insight 
Income Tax Relief in Response to COVID-19 Outbreak
On March 20, 2020, the IRS extended the federal tax filing deadline to July 15, 2020, ...
Read this insight 
Reporting Requirements for Video Game Currency
Amid school and business closures, some gamers may be increasing their screen time and raking in ...
Read this insight 
IRS Released Guidance on Meal and Entertainment Expense Deductions
In recently-proposed regulations, the IRS states that, in general, taxpayers can deduct 50% of the ordinary food ...
Read this insight 
Is a Donor-Advised Fund Right for You?
Donor-advised funds (DAFs) have grown in popularity over the past decade. According to the National Philanthropic Trust ...
Read this insight 
The SECURE Act: Key Takeaways and Strategies to Consider
Over the past few years, we have seen some of the greatest shifts in tax legislation. ...
Read this insight 
Tax Tips for Law Firms
Whether you're a partner or an associate in a law firm, the IRS has rules that ...
Read this insight 
Tax Deductions from Land Donations Under Scrutiny
The IRS announced that they will be keeping a watchful eye on certain land donation deals ...
Read this insight 
IRS Establishes No Clawback Rule on Gifts and Estates
‘Tis the season for giving! In a recent announcement, the IRS presented the highly-anticipated final regulations ...
Read this insight