Ethical Concerns in Using Tax Planning Software
What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that
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Recent blogs
Corporate Refund Claims With Minimum Tax Credit Perplex IRS
Corporations have been receiving refunds from carrying back net operating losses, but those taxpayers with alternative minimum tax implications in that carryback year might need
Payroll Tax Deferral for Federal Employees Prompts Criticism
A government notice indicating that President Trump’s temporary payroll tax deferral will go into effect for federal employees sparked alarm from observers, who say the
Practitioners Cheer IRS Guidance on Minimum Distribution Waiver
The IRS served up a list of answers — and some perks — for taxpayers in its latest guidance on the coronavirus relief package provision
4 Ways to Reduce Taxes on Foreign Earned Income
If you have a client who is an expat working in a foreign country, or if your client is a foreign national living in the
The Pass-Through Entity Workaround to Beat the SALT Limitation
In the past year, several states have created a pass-through entity tax (PET) to circumvent the $10,000 cap for the state and local tax (SALT)
Tax Advantages of IRS Form 3115 – Request to Change…
What is Form 3115? According to the IRS, the form is filed “to request a change in either an overall method of accounting or the
Commonly Asked Section 139 Plan Questions
Is there a cap on how much an employer can provide to an employee as a qualified disaster payment? No, the statute states that as
Qualified Disaster Payments and Code Section 139
What is a Qualified Disaster Payment? During these challenging times, laws have been passed to create relief for businesses and their employees. For example, under
Three Reasons Why Your Tax Plans Aren’t Selling (& What to Do!)
Here are three common problems and their solutions to help you develop a successful and strategic tax planning sales pitch. Reason #1: “I have trouble
TCJA’s Change in Definition of Small Business & What it Means for Clients
Did you know? The Tax Cuts and Jobs Act has amended the definition of a small business (Code Section 448). The TCJA allows small businesses,