With the basic exclusion amount at $11.18 million and growing, along with portability of a decedent’s unused exclusion, most individuals will not have a federal estate tax liability.
State & Local Tax
We are in the thick of the tax filing season and the call volume to the Internal Revenue Service (IRS) is high, so we would like to share some tips the IRS has communicated which will enable you to get a quick answer.
As the end of the year quickly approaches, the January 31, 2019, 1099-MISC filing requirement is on the horizon.
The Tax Cuts and Jobs Act (TCJA) made several changes to the automobile provisions, which results in various increased benefits for business owners.
Tax planning is a year-round effort, but as the end of the year approaches and your income and deductions become more evident, it is a good time to take a final look at where you stand and what you can do to minimize your 2018 tax liability.
By Jordon Rosen, CPA, MST, AEP® It’s never too early to think about tax planning and with new rules in force for 2018 (Tax Cuts and Jobs Act, the “Act,” or “TCJA”), NOW is a good time. Below are a few key provisions of the Act with related planning tips. Keep in mind that most individual provisions are temporary and … Continued
Meals and Entertainment has a long history as targets for perceived (or not) abuse by businesses and taxpayers which in turn brought scrutiny from the IRS.
Final regulations have been released providing guidance concerning substantiation and reporting requirements for cash and noncash charitable contributions.
Last summer I wrote a blog entitled, “So You Are Changing Jobs, Are You Forgetting Something?
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.