This article applies to foreign financial institutions (FFIs) that are required to submit a U.S. taxpayer identification number under the Foreign Account Tax Compliance Act….read more

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. Fair Market Value…read more

The difference between financial pledges and donations is relatively simple: Pledges are promises to donate sometime in the future, and donations provide immediate support for…read more

Watch out, nonprofit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt status. To ensure you’re in compliance…read more

Last week, the US Congress passed the Coronavirus Aid, Relief, Economic Security Act (“CARES Act”). Included in this legislation are several resources for small to…read more

Summary On April 3, 2017, Massachusetts became the sixth state to formally adopt an economic nexus position with respect to out-of-state sellers and sales and…read more

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are…read more

The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided…read more

The following important information was taken from the IRS Newswire, issue number: IR-2017-150, on September 12, 2017 IRS Gives Tax Relief to Victims of Hurricane…read more

For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum distributions…read more

In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on financial statements. One area of…read more

By Josh Hoffman  |  Manager, Tax and Business Services Billions of Dollars from Online Retailers at Stake States across the country are anxiously watching as…read more