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Topic: Tax

IRS Heightens Focus on Tax Liabilities of S Corporations
By Mike VanRemmen, CPA on January 20, 2020

One outcome of the Tax Cuts and Jobs Act (TCJA) is the increased scrutiny by the IRS of S corporations and their shareholders with regard to certain tax liability issues. Specifically, the...

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Guide to 2019 Year-End Tax Planning
By Bill Iannarelli, CPA on December 16, 2019

The Tax Cuts and Jobs Act (TCJA) of 2017 reduced tax rates for most individuals, introduced a new deduction for owners of sole proprietorships and pass-through entities, increased the...

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Trust Residency Rules: Supreme Court Limits State Ability to Tax Trust Income

Trust Residency Rules: Supreme Court Limits State Ability to Tax Trust Income The U.S. Supreme Court has ruled against a North Carolina law that attempted to collect income tax from a...

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State Tax Changes for 2018 and 2019: What Businesses and Individuals Need to Know

As is typical throughout the tax year, some states change their tax rates and their apportionment ratios and methods. Calendar and fiscal taxpayers alike are affected by the changes. And...

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6 Telltale Signs of a Tax Scam
By Freed Maxick Tax Team on April 2, 2019

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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New Jersey Tax Amnesty Program Ends January 15, 2019

Almost all qualify for amnesty, but failure to file means significant additional penalties. New Jersey is administering a tax amnesty program that runs through January 15, 2019....

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