Tax Alerts

Pay Zero Tax on Sale of Your Business/Stock/Other Assets!?

Pay Zero Tax on Sale of Your Business/Stock/Other Assets!?

Created by the Tax Cuts and Jobs Act (TCJA), Opportunity Zones were designed to increase investment in low-income communities throughout the country. In June of 2018 over 8,000 communities in all 50 states, the District of Columbia and five U.S. territories were...

Could a Change in Accounting Method Save Taxes?

Could a Change in Accounting Method Save Taxes?

With the 2017 tax filing season at a close, taxpayers and their accountants are now shifting their focus to year-end planning. While most year-end planning conversations include a discussion about the timing of major purchases, the Tax Cuts and Jobs Act awards small...

Cryptocurrency (and What it Means for Your Taxes)

Cryptocurrency (and What it Means for Your Taxes)

Bitcoin had a banner year in 2017. Though it's been around for almost a decade, the explosive growth experienced in 2017 has piqued the interest of investors and the IRS alike. As Bitcoin and other cryptocurrencies become more mainstream, savvy investors are advised...

IRS Loses Third Captive Case

On September 21st, 2015 the U.S. Tax Court ruled in favor of an insurance company, R.V.I. Guaranty Co., Ltd. & Subsidiaries v. Commissioner. It is the third major captive insurance case ruled in favor of taxpayers within the last two years and it comes on the heels of...

International Tax Strategies – Reduce Your Tax Rate!

March 20, 2018 Microsoft is paying a 7 percent tax rate! How you ask? By utilizing some basic international tax strategies which might apply to you! The fact is, few large U.S. companies pay the standard U.S. corporate rate of 35 percent. Read More

H.R.1 Tax Cuts and Jobs Act

On November 2, 2017, after months of discussion, the U.S. House Ways and Means Committee released its sweeping bill to reform the tax code. Here is a brief summary of some of the individual and business provisions in the 429-page Tax Cuts and Jobs Act. Generally, the...

New Property Capitalization Regulations Effective January 1, 2014

Recently, the Internal Revenue Service issued final tangible property capitalization regulations. These regulations provide clarity to a complex area of tax law for business taxpayers who acquire tangible property or who own tangible property which they improve,...

American Taxpayer Relief Act of 2012

The tax side of the fiscal cliff has been averted. The US Senate overwhelmingly passed legislation to avert the so-call fiscal cliff on January 1, 2013… American Taxpayer Relief Act of 2012