Month: July 2018
2018 Tax Cuts and Jobs Act – Like-Kind Exchanges
July 25, 2018
The Tax Cuts and Jobs Act made modifications to the treatment of certain like-kind exchanges.
South Dakota v. Wayfair
July 17, 2018
Prior to a recent U.S. Supreme Court ruling, the standard to determine “substantial nexus” for sales tax purposes was based on “physical presence” as provided in Quill v. North Dakota.
2018 Tax Cuts and Jobs Act – Other Business Provisions
July 12, 2018
NOL Deduction – Under the old law NOL utilization was not subject to limitations based on taxable income. Under the new law NOL utilization will be limited to 80% of … Continued
NEW! Tax Exempt Organization Search
July 11, 2018
In early May 2018, the Internal Revenue Service (IRS) introduced a new tool called the Tax Exempt Organization Search.
Fiscal Year Corporation “Blended” Tax Rate
July 03, 2018
Under the newly enacted Tax Cuts and Jobs Act, the corporate tax rate decreased from a maximum of 35 percent to a flat 21 percent rate beginning in 2018.