Posted on September 12, 2024
by
Andrew Leonard
The IRS scored significant wins in two separate cases before the U.S. Supreme Court and D.C. Court of Appeals. While both matters addressed different provisions of the tax code, the court’s decisions essentially fortified the IRS’s international reach and its ability to enforce compliance with various U.S. tax laws regarding taxpayers’ foreign investments and business […]
In this episode, Senior Manager Yovanny Hernandez shares the details about 1031 exchanges and how they help real estate owners mitigate taxes..
Posted on August 01, 2024
by
Brendan Kurpis
In this episode, associate tax director Brendan Kurpis explains electric vehicle tax credits and the common missteps.
Phishing scams and business email compromises (BECs) continue to make headlines, holding the titles as the most common cybersecurity breach method and the most frequently reported crimes to the FBI’s Internet Crime Complaint Center (IC3). Yet, even as businesses step up efforts to help employees learn to recognize the warning signs of these attacks, criminals […]
Posted on March 25, 2024
by
Sarah Gaymon
The passage of the Tax Cuts and Jobs Act in 2017 (TCJA) brought a series of welcome tax breaks to individuals at all income levels. However, with the law calling for many of these provisions to reset in 2026, taxpayers are running out of time to implement new strategies for maintaining tax efficiency and ensuring […]
In this episode Director of Tax Services Richard Cabrera explains why it’s important for S Corps to consider the tax implications before entertaining bankruptcy proceedings.
Posted on February 19, 2024
by
Joel Young
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has begun enforcing the Corporate Transparency Act (CTA), which requires corporations, LLCs, and some partnerships and business trusts to file beneficial ownership information (BOI) reports revealing the identities of the individuals behind those entities. While the CTA aims to bolster the country’s anti-money laundering […]
Posted on January 30, 2024
by
Maxwell Jewell
Upgrading your home’s energy efficiency can not only help the environment and reduce your electric bills, but it can also provide you with valuable tax credits to cover a portion of qualifying improvement expenses beginning in 2023. Energy Efficient Home Improvement Credits Under the Inflation Reduction Act signed into law in 2022, homeowners may earn […]
Posted on December 12, 2023
by
Jonathan Menna
It has been nearly 10 years since the IRS first announced in Notice 2014-21, 2014-16 I.R.B 938 it would treat cryptocurrency as a capital asset for federal tax purposes, subject to the same general tax principles as other forms of property, including stocks and bonds. Two recent developments are significant in helping the agency crackdown […]
Posted on December 06, 2023
by
Maxwell Jewell
With the release of Notice 2023-62, the IRS has again delayed the effective date of a SECURE Act 2.0 provision that would have required certain participants in employer-sponsored retirement savings plans age 50 and older to make catch-up contributions to those plans on a Roth basis beginning in 2024. This relief extends the start date […]
