Update on Digital Asset Tax Reporting Regulations
…of taxpayers as they will no longer receive Form 1099-DA reminding them that their digital asset transactions are taxable. Now that the regulation is disapproved, the IRS is prohibited from…
…of taxpayers as they will no longer receive Form 1099-DA reminding them that their digital asset transactions are taxable. Now that the regulation is disapproved, the IRS is prohibited from…
IRS Answers FAQs in Response to COVID-19 Tax Changes Following the postponement of the federal tax filing deadline and deferred income tax payments in response to the Coronavirus crisis, the…
…on the finalized tax and non-tax provisions in the coming weeks. Questions on these or other tax provisions for your business? Please contact your tax advisor or Keiter representative or…
Business Owners Should Consider Exploring Business Succession Plans Now. Managing Partner Gary Wallace shared business succession planning insights with Law360 where he explains why now is an advantageous time for…
Overview of IRS tax rules for qualified business meals and entertainment expenses In 2021 and 2022, a 100% business meal deduction was temporarily put in place by the IRS in…
Tessa applies her six years of tax and accounting experience to provide personalized tax services for small businesses and business owners. Her specialty areas include tax consulting, tax compliance and…
…faster refunds. However, with over seven million taxpayers receiving refunds through non-electronic means in the latest tax year there are numerous taxpayer considerations that need to be addressed before implementation….
…income tax returns Unrelated business income tax returns Withholding tax returns Certain information returns Registration statements Disclosure statements Notifications Actuarial reports Certain excise tax returns The final regulations: Reduce the…
…tax collections, it reached many more businesses than most realized. The new sales tax collection ruling put brick and mortar stores on a level playing field with online retailers and…
…of the 2017 Tax Cuts and Jobs Act. Background Prior to enactment of the Tax Cuts and Jobs Act (TCJA) in December 2017, exempt organizations (EOs) could aggregate and net…
…Guidance from State Departments of Taxation Understand Reciprocity Agreements and Income Tax Rules Research Business Tax Nexus Thresholds Audit Insurance Coverage “Now that COVID-19 vaccines are here and becoming increasingly…