Tax Carryovers: Do Statutes of Limitations Force You to Live with Your Mistakes?
We have previously discussed the statute of limitations regarding tax audits when the taxpayer applies a net operating loss (NOL) to
Category: Business Strategies
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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
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
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
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
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
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,
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
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.
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).
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