Category: Tax

How Tax Reform Proposals Could Impact Executive Compensation
How Tax Reform Proposals Could Impact Executive Compensation

As talk of tax reform continues in Washington D.C., it’s impossible to predict which changes…

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IRS Issues Clarifying Guidance on the PATH Act Changes to Section 179 and Bonus Depreciation
IRS Issues Clarifying Guidance on the PATH Act Changes to Section 179 and Bonus Depreciation

The Protecting Americans from Tax Hikes Act of 2015 (“PATH Act” or “The Act”) included…

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Court Delivers Prime Ruling for Amazon
Court Delivers Prime Ruling for Amazon

On March 23, the United Sates Tax Court ruled in Amazon.com, Inc. & Subsidiaries v.…

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IRS Introduces Three New Automatic Method Changes and Provides Modified Procedures
IRS Introduces Three New Automatic Method Changes and Provides Modified Procedures

On April 19, 2017, the Internal Revenue Service issued Revenue Procedure 2017-30 to update the…

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R&D Tax Credit FAQs - Small Businesses
R&D Tax Credit FAQs – Small Businesses

We have received several questions related to the federal R&D tax credit and how it…

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Tax Court Decision Addresses Self-Employment Taxes of LLC Members
Tax Court Decision Addresses Self-Employment Taxes of LLC Members

In Vincent J. Castigliola, et ux., et al. v. Commissioner, TC Memo 2017-62, the Tax Court…

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What's the Difference Between a Direct and Indirect Rollover
What’s the Difference Between a Direct and Indirect Rollover?

If you're eligible to receive a taxable distribution from an employer-sponsored retirement plan [like a…

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Corporate Sponsorship Money: Is It Taxable?
Corporate Sponsorship Money: Is It Taxable?

Nonprofits have pursued corporate sponsorships for years, with good reason. Effectively executed, sponsorships can benefit…

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A CPA’s Thoughts on the White House Tax Plan
A CPA’s Thoughts on the White House Tax Plan

The Trump administration unveiled its heavily anticipated tax plan on April 26th. The plan, if…

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Income Tax Implications: United Kingdom Beginning the Formal Process of Exiting European Union
Income Tax Implications: United Kingdom Beginning the Formal Process of Exiting European Union

The United Kingdom’s (UK) first step in withdrawing from the European Union (EU) may trigger…

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