Received a Gift from Abroad? Here’s What You Need to Know
If you receive a gift from a non-U.S. citizen, first offer your thanks. Then get ready to work through some [...]
Tax Alert: IRS Extends More Tax Deadlines with Respect to Certain Federal Tax Returns and Federal Tax Payments
The IRS issued Notice 2020-23 which extends more tax deadlines to cover individuals, estates, corporations, and others. This extension includes [...]
Tax Alert: IRS Extends Tax Filing Deadline and Allows Unlimited Tax Deferral
As most of you read yesterday, Secretary of the Treasury Steven Mnuchin said the deadline to file taxes has been [...]
Tax Alert: Senators Introduced the Tax Filing Relief for America Act
On March 19, 2020, a group of senators introduced the Tax Filing Relief for America Act (S. 3535), a bill [...]
Tax Alert: Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19 Outbreak
On March 18, the IRS issued Notice 2020-17 which provides more details regarding the deferral of Federal income tax payments [...]
Tax Alert: House passes new version of coronavirus bill that contains employer tax credit
On March 16, 2020, the House passed, by unanimous consent, an updated version of the coronavirus relief bill that it [...]
Tax Alert: IRS Extends Payment Date For 90 Days
Treasury Secretary Steven Mnuchin stated, during a press conference yesterday, that the IRS will allow taxpayers to defer payments for [...]
Tax Update: February 2020
TRENDING IN TAX Confusion over qualified leasehold improvements may create opportunity Many companies miscalculate the available accelerated depreciation on qualified [...]
Tax Update: January 2019
TRENDING IN TAX Post-tax reform: Obtaining capital gain treatment on sale of patents Clarity on how capital gain treatment is [...]
Tax Update: December 2019
TRENDING IN TAX Top 5 reporting and withholding actions to take before year-end There are five key actions to take [...]