Taxes
Business Year-End Tax Planning in a TCJA World
The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses…
It’s Not Too Late To Trim Your 2019 Tax Bill
Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several…
Utah Rules That Taxpayer May Exclude Foreign Income from Combined Water’s Edge Return
The state income tax impact of a federal income tax election may be unclear and give rise to unintended negative…
Wayfair and Nexus: The Aftermath, Part 7 – Thresholds, Timing and Local Taxes
States and localities continue to enact sales tax economic nexus rules, apply Wayfair to income tax, and provide guidance in…
Texas Rules That Tee Time Reservation App Is a Taxable Data Processing Service
A recent Texas decision ruled that the taxpayer’s tee time reservation app constituted taxable data processing services and that sales…
California Rules That Minority LLC Owner is Not Required to Pay the Annual LLC Tax
Taxpayers have a potential California refund opportunity for the annual $800 LLC as the Office of Tax Appeals struck down…
LLC Operating Agreement Can Terminate an S Corporation Election
Limited liability companies (LLC) should be careful that their operating agreement does not contain language that violates the criteria required…
How Do I Value Collectible Assets for Estate Tax Purposes?
Collections containing paintings, coins, jewelry, sculptures, antiques, books, vases, silverware and other valuables are often the culmination of a lifetime…