Tax Alerts


Tax Reform Changes Fringe Benefit Deductions

Tuesday, April 2, 2019

Tax Reform Changes to Fringe Benefit Deduction Affect Business’s Bottom Line The Tax Cuts and Jobs Act includes tax law changes that affect businesses and the 2018 tax returns they file this year. One change is to fringe benefit deductions, which can affect both a business’s bottom line and its employees’ deductions. Here is a […]

A Personal Information Security Guide for Taxpayers

Tuesday, April 2, 2019

  The IRS is constantly urging taxpayers to make sure their financial, tax, and personal information are secure and protected. This is because cybercriminals are proficient at using various scams to steal money and information. Anyone is a potential victim, and taxpayers are especially vulnerable at tax time. It is important for taxpayers to be […]

Extenders that Have Not Been Extended to the 2018 Tax Returns

Tuesday, April 2, 2019

This article is reproduced with permission from Spidell Publishing, Inc. Many of these extender provisions would have been extended through the end of 2018 by the Retirement, Savings, and Other Tax Relief Act of 2018 and the Taxpayer First Act of 2018 (H.R. 88). However, H.R. 88 was revised so as to not include these […]

Section 199A Deduction for Real Estate Rental Owners

Tuesday, March 5, 2019

The IRS recently issued Notice 2019-7 to provide a safe harbor for rental real estate owners to qualify for the 20% deduction on the rental income. In order to qualify for the 20% deduction, the rental properties are treated as a rental real estate “enterprise” and qualify as a trade of business for purposes of […]

Employee Compensation Guidance for Tax Exempt Organizations

Tuesday, March 5, 2019

Interim Guidance for Excise Tax on Excess Remuneration and Parachute Payments The IRS has issued interim guidance on the excise tax payable by tax-exempt organizations on remuneration in excess of $1 million and any excess parachute payments made to certain highly compensated current and former employees in the tax year. The excise tax imposed by […]