Taxes
IRS Issues Tax Relief for Victims of Alabama Storms
On Monday, March 11, 2019, the IRS announced a tax relief to aid recent victims of the tornadoes and severe…
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 Jersey Enacts Significant Corporation Business Tax Changes
New Jersey enacted major changes to its corporate business tax that will take effect in 2019, such as post-allocation net…
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…
IRS Enhances Security, Puts Hurdles in Place to Tax Transcript Access
In an effort to bolster protections to taxpayer data, the Internal Revenue Service (IRS) recently made two changes to its…