Handing Off Your IRS Audit
You’ve been making a lot of money and now you’ve been notified you’re being audited by the IRS. It’s too late to worry about an aggressive position you took on your return…
Handing Off Your IRS Audit
IRS EXPANDING AUDITS OF EMPLOYEE RETENTION TAX CREDITS AND PAYCHECK PROTECTION PROGRAM LOANS
The Internal Revenue Service recently issued another warning to taxpayers to be on guard against third parties aggressively promoting the use of the Employee Retention Tax Credit (“ERTC”) enacted in March 2020…
Leaving California for Tax Reasons? Not So Fast…
Individuals and businesses have long complained about California’s high tax rates. California’s top 13.3% bracket for personal income tax is the highest among the 50 states, and the corporate income tax rate…
Significant Federal Tax Developments for Businesses in 2018
This article summarizes changes made by the federal tax law enacted near the end of 2017, known as the “Tax Cuts and Jobs Act” (“TCJA”). This law substantially alters the tax landscape…
Putting the Opportunity in Opportunity Zones: New Tax Law Creates Incentives to Invest in Low-Income Communities
The Tax Cut and Jobs Act, signed into law on December 22, 2017, created a new tax incentive program designed to attract both institutional and “impact investors” to make long-term investments in…
TEFRA Partnership Audit Rules Repealed by 2015 Budget Act.
The Bi-partisan Budget Act of 2015, H.R. 1314, Title XI (“2015 Budget Act”) – signed into law on November 2, 2015 – repealed the Tax Equity and Fiscal Responsibility Act of 1982…
IRS Raises Stakes for Businesses that Fail to Pay Employment Taxes
A business facing economic or cash flow problems will sometimes keep its doors open by using Social Security, Medicare, and income taxes withheld from employees’ paychecks to pay other creditors, fully intending…
Tax Considerations Before Settling Employment Matters
Mitch Dubick and Josh Katz wrote an article featured in Law 360, a LexisNexis Company, discussing tax implications in an employment law case. Attorneys on either side of an employment law case…
Tax Considerations Before Settling Employment Matters
Mitch Dubick and Josh Katz wrote an article featured in Law 360, a LexisNexis Company, discussing tax implications in an employment law case.