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As April 15th (the annual D-Day for U.S. taxpayers) is rapidly approaching, confusion still exists as to how to properly substantiate a donation or charitable contribution to a qualifying tax-exempt
In years prior to 2019, and the enactment of the Tax Cuts and Jobs Act (TCJA), taxpayers were accorded an “unlimited” federal income tax deduction for all state and local
Not subject to as much media attention as federal income tax legislation, the state impacts resulting from the enactment of federal legislation always poses budgetary challenges for leadership in those
One of the more controversial provisions of the Tax Cuts and Jobs Act (TCJA) enacted in December, 2017, is the provision affecting the disallowance of certain fringe benefits deductions. Importantly,
The Internal Revenue Service (IRS) has released corrected final regulations on the new Qualified Business Income (QBI) deduction under Internal Revenue Code (IRC) section 199A. Included in these revised regulations
Recently, Pennsylvania adopted an economic nexus standard with respect to determining whether an out-of-state entity is required to register for a license and subsequently collect, report and remit Pennsylvania Sales
Sales Tax Background Most states have historically looked to nexus as a condition relevant to their capability to levy sales taxes. For decades, states have been bound by the United
As you begin the new year, we would like to remind you of a number of important business changes that have been implemented by Congress, the Internal Revenue Service, and
Read Bob Grossman’s article, “Enterprise Valuation after the TCJA,” published in the December 2018 issue of Practical Tax Strategies.
One of the centerpiece provisions of the Tax Cuts and Jobs Act, enacted on December 22, 2017, was the doubling of the lifetime exclusion. Also sometimes referred to as the
One important change in the tax law mandated by the Tax Cuts and Jobs Act P.L. 115-97, was a new limitation on the deductibility of business interest. Historically, bona fide
President Trump has initiated a new approach leading up to the mid-term elections and has announced a new tax cut plan that he expected to provide a middle-income tax reduction
