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Client Alerts
03.06.20
The IRS Provides Guidance on Meal and Entertainment Deductions
The Tax Cuts and Jobs Act eliminated some of the deductions for business-related meal and entertainment expenses. New guidance from the IRS, in the form of proposed regulations, address meal and entertainment expenses.
02.10.20
The SECURE Act Likely to Affect Your Retirement and Estate Plans
The Setting Every Community Up for Retirement Enhancement (SECURE) Act brings numerous changes to the retirement and estate planning landscape, and some of them should prompt careful review of your existing plans to ensure they’ll accomplish the desired outcomes, including minimizing taxes.
01.27.20
2020 Tax Calendar
To help make sure that you do not miss any important 2020 deadlines, we have provided this summary of when various tax-related forms, payments and other actions are due.
01.09.20
1099-MISC Reporting Guidelines and Resources
As we tend to receive questions related to Form 1099-MISC, here are general guidelines in order to assist you with the accurate filing of Form 1099-MISC.
02.11.19
Supreme Court to Address the Power of States to Tax Trusts
More than $120 billion of our nation’s income flows through trusts, and the Supreme Court will hear a case that may clarify how much states are able to tax.
01.31.19
2019 Tax Calendar
To help make sure that you do not miss any important 2019 deadlines, we have provided this summary of when various tax-related forms, payments and other actions are due.
01.29.19
IRS Provides QBI Deduction Changes Just in Time for Filing
The tax law signed in December 2017 included a dramatic cut in corporate tax rates and also a generous deduction for the qualified businesses income (QBI) of businesses that operate as pass-through entities (PTE)— sole proprietors, S corporations and partnerships (including LLC electing to be S corporations or partnerships).
01.22.19
IRS Relaxes Penalties for Underpaying 2018 Taxes
The IRS has increased the safe harbor for paying estimated taxes for tax year 2018. The overhaul of the federal income tax regime made it difficult for some taxpayers to determine the proper amounts to have withheld from their paychecks or include in their quarterly estimated tax payments.
01.11.19
Federal Government Shutdown Creates Tax Filing Uncertainty
The IRS has announced that it will begin accepting paper and electronic tax returns for the 2018 tax year on January 28, but much remains to be seen about how the ongoing shutdown of the federal government will affect this year’s filings. Although the Trump administration has stated that the IRS will pay refunds during the closure — a shift from IRS practice in previous government shutdowns — it is not clear how quickly such refunds can be processed.
01.04.19
1099-MISC Reporting Guidelines and Resources
As we tend to receive the most questions related to Form 1099-MISC, we would like to provide you with some general guidelines and resources in order to assist you with the accurate and timely filing of Form 1099-MISC.