On June 4, 2020, the IRS released Notice 2020-39 which provides relief under the federal Qualified Opportunity Zone (“QOZ”) program as follows: 1.) 180-Day Investment Requirement for QOF...

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As scamming tactics become more sophisticated even knowledgeable taxpayers can get scammed With taxes on everyone’s mind this time of year, it’s not surprising that this is also a...

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Significant Economic Impact on Partners on the Horizon? The 2015 Bipartisan Budget Act repealed existing TEFRA partnership audit procedures and replaced them with the new Partnership...

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Employees should still review withholding to make sure they are not surprised by a significant balance due at tax time. The IRS has issued updated payroll withholding tables designed to...

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Avoid Unintended Results from Complex New Rules for Intercorporate Debt In April 2016, the Treasury Department and the IRS issued proposed regulations under Sec. 385. If the proposed...

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By: Sandra DeSimone, CPA, Manager If your organization is considering applying for tax exempt status with the Internal Revenue Service (IRS), you may want to consider doing it on-line. ...

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