Corporate Tax

24 03, 2020

Updated 2019 Tax Filing & Payment Dates

By |2020-05-13T21:59:31+00:00March 24th, 2020|Corporate Tax, COVID-19, Individual Income Taxes, Tax and Auditing|Comments Off on Updated 2019 Tax Filing & Payment Dates

Just a reminder that the Federal income tax filing deadline for 2019 individual and business income tax returns has been automatically extended from April 15, 2020, to July 15, 2020.  Taxpayers can also defer Federal income tax [...]

25 02, 2020

Impact of New Ruling on Drop and Swap Exchanges

By |2020-02-25T23:04:24+00:00February 25th, 2020|Corporate Tax, Legal Issues|Comments Off on Impact of New Ruling on Drop and Swap Exchanges

Great news for business owners in California: As of January 28, 2020, the Franchise Tax Board’s Office of Tax Appeals (OTA) denied the appeal of Sharon Mitchell case that would prevent “drop and swap” exchanges. [...]

29 01, 2020

What You Need to Know About Multi-State Income Taxation

By |2020-01-31T22:19:10+00:00January 29th, 2020|Corporate Tax, Individual Income Taxes, Tax and Auditing|Comments Off on What You Need to Know About Multi-State Income Taxation

Filing state income tax returns is usually uncomplicated if you live and work in the same state during the entire calendar year, and have no income sourced from a state other than the state in [...]

18 06, 2019

Conversion from a C Corp to an LLC

By |2019-06-18T01:52:39+00:00June 18th, 2019|Corporate Tax, Corporations, Grow Your Business|Comments Off on Conversion from a C Corp to an LLC

While a conversion from a C Corp to LLC status can have a high tax cost, in some cases, such a conversion can be beneficial. Why convert? Converting from a C corporation to an LLC [...]

15 10, 2018

2018 Tax Depreciation Changes

By |2018-10-15T14:17:20+00:00October 15th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on 2018 Tax Depreciation Changes

Even before the new tax Act was passed in late 2017, depreciation in the Federal Tax Code had undergone a number of changes. Before the turn of the century, after making an improvement to a [...]

28 09, 2018

Moving Expenses & Other Benefits Under the 2018 Federal Tax Code

By |2018-10-01T15:15:16+00:00September 28th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on Moving Expenses & Other Benefits Under the 2018 Federal Tax Code

The Tax Cuts and Jobs Act included a number of changes to the previous tax code, particularly in relation to employee benefits. Beginning January 1, 2018, several changes in the taxability and deductibility of employee [...]

15 03, 2018

Deductibility of Entertainment Expenses Under Tax Reform

By |2018-03-15T21:50:41+00:00March 15th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on Deductibility of Entertainment Expenses Under Tax Reform

Deductibility of Entertainment Expenses Under Tax Reform The new Tax Reform Act enacted under President Donald Trump makes significant changes to the rules and limitations to the deductibility of entertainment and meal expenses for businesses. [...]

28 11, 2017

FAQ from Clients: What is the Death Tax

By |2017-11-28T00:52:52+00:00November 28th, 2017|Corporate Tax, Individual Income Taxes|Comments Off on FAQ from Clients: What is the Death Tax

Although it may sound ominous, the so-called “death tax” is not as unsettling as it might seem. The Tax Cuts and Jobs Act currently making its way through Congress includes a phase-out of the death [...]

25 08, 2016

Estimated Taxes…Without the Headache

By |2016-08-28T19:24:09+00:00August 25th, 2016|Corporate Tax, Tax and Auditing|Comments Off on Estimated Taxes…Without the Headache

Why do we have to pay estimated taxes? In general, taxes must be paid to the government when a taxpayer earns or receives income during the year.  Payments are made through a withholding of income [...]

16 03, 2016

IRS Audit Notice: What to Do If You Get One

By |2016-08-25T14:42:45+00:00March 16th, 2016|Corporate Tax, Tax and Auditing|Comments Off on IRS Audit Notice: What to Do If You Get One

If you've just been notified by snail mail that you've been selected for an IRS audit, don't panic or have an anxiety attack. You can and will get through this. There are certain basic steps [...]

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