When the Tax Cuts and Jobs Act (TCJA) was signed into law in December 2017, it amended Section 274 and Section 512 of the Internal Revenue Code (Code) and opened the door for the potential of nonprofit organizations generating unrelated business taxable income (UBTI) due to the parking they provide to their employees.

The Tax Cuts and Jobs Act (TCJA) made several changes to the automobile provisions, which results in various increased benefits for business owners.

Tax planning is a year-round effort, but as the end of the year approaches and your income and deductions become more evident, it is a good time to take a final look at where you stand and what you can do to minimize your 2018 tax liability.

It’s never too early to think about tax planning and with new rules in force for 2018 (Tax Cuts and Jobs Act, the “Act,” or “TCJA”), NOW is a good … Continued

Unfortunately, there is no shortage of fraudulent schemes to scam you out of your money or grab your identity.

Meals and Entertainment has a long history as targets for perceived (or not) abuse by businesses and taxpayers  which in turn brought scrutiny from the IRS. 

Final regulations have been released providing guidance concerning substantiation and reporting requirements for cash and noncash charitable contributions.

Last summer I wrote a blog entitled, “So You Are Changing Jobs, Are You Forgetting Something?

The Tax Cuts and Jobs Act made modifications to the treatment of certain like-kind exchanges.

Prior to a recent U.S. Supreme Court ruling, the standard to determine “substantial nexus” for sales tax purposes was based on “physical presence” as provided in Quill v. North Dakota.