Taxes
Washington Enacts New Economic Nexus Rules for B&O and Sales Taxes
Recent legislation in Washington will expand Business & Occupation Tax nexus to capture more businesses and imposes certain reporting requirements…
The Deductibility of an Estate’s Excess Deductions to Beneficiaries
As we planned for and now prepare estate and trusts returns for 2018, beneficiaries and executors want to know: After…
Why is there an IRC Section 163(j) note on my K-1?
By: Scot Goldring, Tax Senior Manager, and Kelsey Monaghan, Tax Associate If you own part of a company doing business…
Late Tax Return Filing May Mean Reduced Social Security Benefits
Late filing your tax returns? Here’s another reason to quickly get into compliance: You may be missing out on future…
Virginia Amends Residency Definition for Estates and Trusts
On February 15, Virginia amended its estate/trust residency statute by removing one of the definitions used to determine whether an…
Tax Saving Strategy: Hire Your Kids
One often overlooked tax saving strategy is to hire your children to work for your business, assuming they can legally…
Georgia Adopts Partnership Audit Procedure Regulations Similar to the New IRS Rules
Georgia has adopted regulations to provide further guidance on last year’s legislation establishing partnership audit rules similar to those enacted…
Taxpayer’s Invoicing Methodology Leads to Alabama Sales Tax Exposure
In cases where a business is selling both taxable goods and non-taxable services, sales tax may be due on the…
New York City Rules That Tax Gain from Sale of Partnership Interest is Subject to Corporate Tax
When a taxpayer sells an equity interest in a business, the gain from that sale may be taxable in the…
Washington Advises on Tax Treatment of Alarm Monitoring Services
As changes in technology intersect with changing sales tax rules, businesses may find themselves subject to new or different sales…