Eleventh Hour Tax Tips and Strategies Under Year Two of the Tax Cuts and Jobs Act
How can taxpayers be proactive with their end-of-year tax and financial decisions that could potentially minimize their tax bill?
Tax
New York Sets Confusing, Retroactive Sales Tax Policy
The January 2019 notice provided an exception for small remote sellers. Businesses with no physical presence in New York need to collect New York sales tax only if, in the immediately preceding four sales tax quarters ...
South Florida Philanthropic Leaders Join Forces to Maximize Charitable Giving
The Community Foundation of Broward, Jewish Community Foundation of Broward County and United Way of Broward County joined forces to present the 18th Annual Joint Tax and Estate Planning Seminar at Nova Southeastern University in the Rose and Alfred Miniaci Performing Arts Center on December 4. As South Florida’s premier tax and estate planning event, the […]
Louisiana Supreme Court Considers Sales Tax Case
The Louisiana Supreme Court is currently deliberating a case that could have an enormous impact on marketplace facilitators in Louisiana.
IRS Interest Rates to Stay the Same for Q1 2020
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
IRS Issues Final Regs on Foreign Tax Credit
Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.
Forms W-2, W-3 Due by Jan. 31, 2020
Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.
Stronger Passwords Can Protect Against Tax Identity Theft
The idea behind multi-factor authentication is that a thief may be able to steal usernames and passwords, but it’s highly unlikely they also would have access to the mobile phone to receive a security code or confirmation to actually complete the ...