Income Tax

The Summit agenda features key thought leaders discussing all aspects of advisory services including reviewing the current state of advisory services.

HubSync’s all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients.

The Minnesota Senate cast its first-ever vote to legalize recreational marijuana on Friday, pushing the proposal closer to becoming law than ever before.

The new provisions mandate five-year amortization of domestic Section 174 research and experimental (R&E) costs, and 15-year amortization of foreign R&E costs.

The total tax loss from his criminal conduct was approximately $320,000. 

Since proceeds up to the policyholder's cost basis aren't taxable, the lower cost basis triggered a larger tax burden for selling policyholders.

Here are the five time-sensitive actions that a partnership or its representative should take within 30 days of receiving the notice of selection for examination.

Taxpayers who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.