Sep 18, 2018 | Firm Updates, International Tax
The Internal Revenue Service (IRS) recently proposed regulations concerning the treatment of global intangible low-taxed income (GILTI). The regulations are a result of the Tax Cuts and Jobs Act (TCJA), which added new rules requiring the inclusion of GILTI generated...
Sep 14, 2018 | Firm Updates, Individual Tax
The passage of the Tax Cuts and Jobs Act in late 2017 set into motion sweeping changes to the tax code. As information came out regarding changes to the federal tax brackets, standard deduction, and personal exemptions, many people wondered, “How does this affect me?”...
Sep 11, 2018 | Firm Updates, Small Business
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you are meeting all...
Sep 6, 2018 | Firm Updates, International Tax
The New York State Department of Taxation and Finance recently released notices on the tax treatment of IRC § 965 repatriation amounts for tax year 2017 for corporations and flow-through entities. The Tax Cuts and Jobs Act requires certain U.S. taxpayers to recognize...
Sep 4, 2018 | Firm Updates, Individual Tax
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated tax payment deadline for individuals is...
Aug 28, 2018 | Firm Updates, Individual Tax
When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense deduction is...