What’s Up in the World of Sales Tax?

Wayfair, Newegg, and Overstock, all large online retailers, challenged the constitutionality of a South Dakota sales tax law and the United States Supreme Court issued its opinion on June 21, 2018. Since then, the states have been busy modifying thei… Read More
Categories: Tax Law

QBI Deduction

The Tax Cuts and Jobs Act of 2017 permanently reduced the top corporate tax rate to 21%. To try and make the playing field somewhat even for other businesses, this law also gave taxpayers with noncorporate businesses a new deduction for tax years 201… Read More
Categories: Business, Tax Law

New IRS Partnership and LLC Audit Procedures

The 2015 Tax Act had a provision changing the way the IRS has audited partnerships under a law going back to the 1980s. The new provision became effective January 1, 2018, so it now applies to partnership returns being filed this year. Partnerships,… Read More
Categories: Business, Tax Law