Sep 1, 2020 | COVID-19 Response, Firm Updates
On August 8, 2020, President Trump issued a Presidential Memorandum which allowed for the deferral of withholding an employee’s payroll taxes. On Friday, August 21, 2020, the IRS issued additional guidance on the implementation of the deferral in Notice 2020-65. The...
Jun 18, 2019 | Firm Updates, International Tax
Back in March, Sciarabba Walker’s international tax blog covered a new U.S. revenue stream created by the Tax Cuts and Jobs Act (TCJA) of 2017 – global intangible low-taxed income (GILTI). On June 14th, the IRS issued final regulations providing guidance...
Jun 11, 2019 | Firm Updates, Individual Tax, Tax Tips
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction at all. Trade in, sell or donate? Let’s...
May 31, 2019 | Firm Updates, International Tax
By Linda M. Bruckner, CPA On May 17th, I had the privilege of meeting with my PrimeGlobal international tax colleagues in Chicago to discuss various issues important to our clients. The PrimeGlobal association of independent accounting firms is a worldwide...
Apr 3, 2019 | Firm Updates, Individual Tax, Tax Tips
Do you find a tax deadline suddenly upon you but know you need more time to gather information to file an accurate return? That’s okay! Many businesses and individuals file for extensions every year because they need more time to gather the information necessary to...