Banks in the United States are working to respond to the coronavirus, with that response divided into two efforts: one
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On March 3, the Federal Reserve voted unanimously to cut the primary credit rate by 0.5%, setting the new benchmark
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The Treasury Department and the Internal Revenue Service updated the base erosion and anti-avoidance tax (BEAT) at the end of
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Taking inspiration from the European Union’s General Data Protection Regulation (GDPR) and motivated by the spate of recent data breaches,
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Determine QBI For Section 199A: Net Business Income, Minus Gains And Dividends
Tax time is here and returns are rolling in—if you haven’t nailed down how you’re going to handle Section 199As,
...Continue readingThe Section 338 Election: How to Split Stock from Assets to Lower Tax Liabilities
Buyers can acquire a target corporation’s stock for legal purposes but its assets for tax purposes, resulting in a stepped-up
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Federal Income Tax Update: Shorter 1040, New Brackets, Updated Exemptions
If you have not seen the new Form 1040, then you are in for a surprise. The form has a
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With all the hubbub over the Tax Cuts and Jobs Act (TCJA), new withholdings, and the simplified 1040, you could
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What happens in Vegas might stay in Vegas, but if it involves earnings, it’s possible the Internal Revenue Service (IRS)
...Continue readingHow to Handle 4 Types of IRS Notices
The Internal Revenue Service (IRS) now handles all new contact by mail, and while many of their letters look the
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