Tax

In Loughman v. Commissioner, T.C. Memo 2018-85, the operators of a Colorado cannabis dispensary argued that for a cannabis dispensary operating as an S-Corporation, Section 280E discriminates against S-Corporation shareholders by double taxing income when shareholder salary is disallowed pursuant to Section 280E as a deduction from flow-through S-Corporation income and also included on the […]

An analysis by the tax reform group Making Change at Walmart (MCAW) has found that the Walton family, the majority owners of Walmart, Inc., have netted an estimated $1.1 million every day for the past 16 years, totaling over $6.5 billion, in dividend ...

Intershop Commerce Suite, an enterprise e-commerce solution for modeling sales processes, helps companies grow and transform their digital business. Using this single platform, businesses can showcase their brands and market their products worldwide.

TaxSlayer and the TaxSlayer Gator Bowl alongside Mayor Lenny Curry and TaxSlayer Gator Bowl Chairman Jamie Shelton announced plans for the 2018 TaxSlayer Gator Bowl New Year’s Eve Celebration. The event will be anchored by the TaxSlayer Gator Bowl game, feature a post-game concert by Platinum-selling recording artist Cole Swindell, and conclude with fireworks at […]

Wolters Kluwer Tax & Accounting today announced the launch of CCH Axcess Financial Prep, the end-to-end trial balance solution that eliminates the manual process of grouping accounts and creating tax reports. CCH Axcess Financial Prep represents another step forward in how Wolters Kluwer is helping professionals embrace technology to improve productivity and reduce tax return […]

As a result of this change, effective Jan. 1, 2018, the backup withholding tax rate dropped from 28 percent to 24 percent.

Being in Florida, we are a melting pot. In Orlando, it is common to see clients from all over the world. Perhaps it is because of all the different nationalities and foreigners that I have become intimately familiar with the foreign income rules. However, from past tax returns I have seen, from other preparers, it’s […]

With just a few months left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax obligations.