Excess Business Loss: New Tax Law Not as Generous as Before
By Stephanie M. Casey, CPA, Tax Senior Manager | Family, Executive & Entrepreneur Advisory Services Team For many taxpayers the Tax Cuts and Jobs Act (the Act) passed in December…
By Stephanie M. Casey, CPA, Tax Senior Manager | Family, Executive & Entrepreneur Advisory Services Team For many taxpayers the Tax Cuts and Jobs Act (the Act) passed in December…
…related to partnerships › Possess strong technical skills in accounting and tax preparation; industry specialization a plus › Working knowledge of US Tax Code and technical aspects of tax preparation…
…percent limitations, Pease limitations, and Alternative Minimum Tax (AMT), the new tax law shined a bright light on investment expenses. In the context of hedge funds, fund of funds, stock…
…bailout strategy. Given the difference between ordinary income tax rates and capital gain tax rates, it is easy to understand why the IRS might challenge a taxpayer’s reporting of a…
The Employee Retention Credit (ERC) is a complex tax credit for businesses and tax-exempt organizations that continued paying employees during the COVID-19 pandemic because their operations were either: 1) fully…
…Benefit Statement. The ultimate decision concerning whether a taxpayer is entitled to a rebate/credit will be based on a taxpayer’s AGI on their 2020 tax returns. Taxpayer’s will file a…
…Tax Partner Kay Gotshall, Tax Senior Manager View the recording: Learn more about our State and Local Tax Services, or Mergers & Acquisitions Services View more Keiter Knowledge…
…with loan forgiveness as taxable, by way of disallowing deductions. This Notice lacked important details that left taxpayers and practitioners with questions. When should a taxpayer recognize the income attributable…
…from $10,000 to $40,000 per year, effective 2024 through 2028. Removes the state tax pass through entity tax (PTET) deduction for SSTBs. This potential disallowance of deduction will mean that…
…to know the charter and nature of its tax impacts. The taxable interest income resulting from a contingent payment debt instrument does not always follow investor expectations. There are cases…
…in accounting and tax preparation (individual taxation, multi-state taxation, trust and/or estate) › Working knowledge of US Tax Code and technical aspects of tax preparation and compliance › Serve as…
By Gary G. Wallace, CPA | Tax Partner As part of the 2017 Tax Cuts and Jobs Act, Congress initiated a new tax deduction for qualifying pass through businesses. Section…