Latest Articles

July 17, 2020 

Restrictions due to COVID-19 and the rise of e-commerce has forced many small business owners to close their brick and mortar stores and sell online.

July 17, 2020 

The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives required minimum distributions during 2020 for IRAs and retirement plans, including beneficiaries with inherited accounts.

July 17, 2020 

Tax sheltering and land investing go hand-in-hand. That’s because there are a myriad of tax sheltering options from which to choose, including 1031 exchanges, Delaware Statutory Trusts (DSTs), depletion of tax ...

July 17, 2020 

Leaders from five international tax organizations are marking the two-year anniversary of the formation of the Joint Chiefs of Global Tax Enforcement (J5) this week. The J5 includes the Australian Taxation Office (ATO, the Canadian Revenue Agency (CRA), the Dutch Fiscal Information and Investigation Service (FIOD), Her Majesty’s Revenue and Customs (HMRC) from the UK...…

July 17, 2020 

Digital assets are defined broadly as digital records, made using cryptography for verification and security purposes, on a distributed ledger. Although all industries encounter change, the digital assets ecosystem is evolving rapidly.

July 17, 2020 

This year, the Dirty Dozen focuses on scams that target taxpayers. The criminals behind these bogus schemes view everyone as potentially easy prey. The IRS urges everyone to be on guard all the time and look out for others in their lives.

July 17, 2020 

The IRS issues nine out of 10 refunds in less than 21 days, and the fastest way to get a refund is to use IRS e-file and direct deposit. Taxpayers should also know they can have their refunds divided into up to three separate accounts.

July 17, 2020 

In March 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance and healthcare response for individuals, families, and businesses affected by the Coronavirus pandemic. The Small Business Administration (SBA) received funding and authority through the CARES Act to modify existing loan programs to assist small businesses...…

July 17, 2020 

Anyone who prepares or substantially helps prepare any federal tax return or claim for refund for compensation must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on returns prepared. Failure to have and use a valid PTIN m

July 16, 2020 

The sudden shift to remote work for many corporations in response to Covid-19 may lead to costly compliance burdens as 36 state tax departments indicate that having just one employee telecommuting from their state will create nexus for ...

July 16, 2020 

Software that helps accountants close the monthly books was once a nice-to-have technology, but the global pandemic has accelerated demand for such tools across industries.

July 15, 2020 

The NYU School of Professional Studies (NYU SPS) Division of Programs in Business (DPB) will host a series of in-depth Zoom webinars on wide-ranging topics from Advanced Subchapter S to Trust and Estates...