May 23, 2017 | Firm Updates, Small Business
If you recently filed your 2016 income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing. Here’s what every business owner should know about the process....
May 19, 2017 | Firm Updates
On Wednesday, staff from Sciarabba Walker helped the Food Bank of the Southern Tier pack bags of food for local students at risk of hunger as part of the organization’s Backpack Repack program. The program provides food-insecure children with a bag of...
May 16, 2017 | Firm Updates, Tax Tips
Income and losses from investment real estate or rental property are passive by definition—unless you’re a real estate professional. Why does this matter? Passive income may be subject to the 3.8% net investment income tax (NIIT), and passive losses generally are...
May 15, 2017 | Firm Updates, International Tax
We recently discussed two situations where US tax withholding was required for transactions between a US business and foreign persons. The first was a situation where investors in an LLC were nonresident aliens. The second dealt with interest being paid to a foreign...
May 9, 2017 | Firm Updates, Small Business
It’s a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all sorts are finding it easier than ever to widen their markets. Doing so has become so much more feasible...
