Archive: 2018 Archive
Data on IRS 2017 Examinations Statistics Published
Two questions tax practitioners hear frequently — “What are the risks of an IRS audit?” and “What outcome can we expect if we are… Read More
How Do the New GAAP Revenue Recognition Standards Impact Tax?
This year brought many accounting and tax changes for both private and public companies. In addition to the changes brought by the… Read More
IRS Encourages Taxpayers to Check Withholding to Avoid 2018 Underpayment Penalties
In 2017, Congress passed the Tax Cuts and Jobs Act, which promised a tax cut for most taxpayers. Based upon early calculation… Read More
Washington B&O Tax Alert – Annual B&O Tax Apportionment Reconciliation Due October 31st
For business and occupation (“B&O”) tax purposes, taxpayers earning apportionable revenue calculate their taxable Washington r… Read More
Document Your Donation to Preserve Your Charitable Deduction
Charitable contribution substantiation is a team sport — everyone involved is critical to ensuring the donor’s tax deduction is va… Read More
New 20% Qualified Business Income (QBI) Deduction for Pass-through Entities
The Tax Cuts and Jobs Act (TCJA) added a new tax deduction for owners of pass-through entities – a 20% deduction of qualified busi… Read More
What’s the Best Type of Entity for Your Business Under Tax Reform?
The Tax Cuts and Jobs Act (TCJA) was intended to reform the tax code by lowering tax rates and changing income and deductions for… Read More
IRS Issues New Revenue Procedures Aimed at Protecting Donor Privacy
“When it comes to privacy and accountability, people always demand the former for themselves and the latter for everyone else.” &#… Read More
