What’s Up in the World of Sales Tax?
April 5th, 2019
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…
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Categories: Tax Law
QBI Deduction
February 19th, 2019
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…
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New IRS Partnership and LLC Audit Procedures
February 13th, 2019
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,…
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