Tax Advisory

Under the Tax Cuts and Jobs Act new IRC §199A, individual taxpayers may deduct up to 20% of their domestic “qualified business income” (QBI) beginning in tax year 2018. The deduction phases [...]

As part of the Tax Cuts and Jobs Acts (TCJA), the Internal Revenue Service (IRS) issued guidance on the business expense deduction for meals and entertainment following tax law changes that took [...]

With the passing of the Tax Cut and Jobs Act came new legislation with goals of spurring the economy and bringing new incentives for those willing to invest in economically-distressed [...]

On August 8th, the Internal Revenue Service issued long-awaited proposed regulations for business owners who have been wondering if (and how) the new pass-through tax deduction would apply to [...]

As the first wave of tax filings were submitted in April, the IRS and other state taxing agencies have now begun their review process. This usually means a series of notices will be issued [...]

On June 21, 2018, the Supreme Court held that internet retailers may be required to collect sales taxes in states where they have no physical presence and empowered states to establish a level [...]

Taxation of Cryptocurrency As cryptocurrency (such as Bitcoin, Litecoin, Ethereum, and others) continue to gain more and more recognition as a form of currency among traders, investors and even [...]

On December 22, 2017, the “Tax Cuts and Jobs Act of 2017” (TCJA) was signed into law by President Trump.  This is the most sweeping tax legislation since the Tax Reform Act of 1986. The bill [...]

The IRS has urged taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to file a renewal application in time to have a renewed ITIN for the upcoming tax season and to avoid [...]

On January 20, 2017, Donald J. Trump will be sworn into office as the 45th President of the United States.  With a Republican House and Senate, we are likely to see changes in the way of tax [...]