The budget of the Internal Revenue Service has been cut significantly over the past few years, and that has resulted
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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,
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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)
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The Internal Revenue Service (IRS) now handles all new contact by mail, and while many of their letters look the
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The 2017 Tax Cuts and Jobs Act introduced major changes to the tax code and sweeping changes through Section 199A
...Continue readingLearn to Calculate an Asset’s Cost Using Basis: One of the Most Important Tax Functions
Learning to calculate basis is key to helping your financial services clients minimize their tax liability. If you’re not sure
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Master New Federal Meal and Entertainment Deduction Rules
Entertainment expenses have long been a hallmark of business tax deductions, whether for wining and dining prospective clients or pampering
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