Tag: business tax
2020 Payroll Tax Highlights
Payroll tax items for employers in 2020, including due dates and best practices to keep…
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Tax Basis Reporting Requirements Delayed
On December 9, 2019, the IRS issued Notice 2019-66, which provides that partnerships required to…
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Year-End Tax Planning Opportunities: Roundup for Businesses
The New Year is just around the corner but there is still time left for…
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2019 Year-End Tax Planning for Businesses
All businesses seek to reduce costs, and year-end tax planning presents the chance for significant…
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Partnership Recourse Liabilities and Disguised Sale Regulations
The IRS has released final regulations providing guidance for a partnership to allocate its liabilities…
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Simplifying the Taxation of Employees’ Personal Use of Company Vehicles
Personal use of a company vehicle generally results in taxable wages for the employee. But…
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Real Estate Companies: Driving Growth & Opportunity
In this whitepaper, we address three critical elements to real estate company success — taxes,…
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Partnership Disclosure Requirements for 2019 Filings
On September 30, 2019, the Internal Revenue Service (IRS) posted copies on its website of…
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New Partnership Reporting Requirement: Negative Tax Basis Capital Account Information
The IRS now requires partnerships to report each partner’s tax basis capital on their respective…
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Final Regulations Remove Two-Year Deferral of Advance Payments for Inventoriable Goods
On July 11, 2019, the IRS and Treasury released final regulations removing Section 1.451-5 of…
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