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Tax Preparation
Your CPAs Guide To The New ERC Crisis
IRS Announces Moratorium on the Employee Retention Credit and Provides Guidance for Civil Penalty Amnesty to Withdrawing Improper Claims, Also Known As - Don’t Deposit That Check and Hire Legal Counsel The expansion and strong marketing tactics of good-for-nothing “accounting advisors” who encouraged taxpayers to qualify for the Employee Retention Credit (“ERC”) when they did not technically qualify has caused…
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How Aging Billionaires Are Making Sure Their Money Doesn't Go To Uncle Same
Boomers and their elders control $93 trillion, or two-thirds of America’s household wealth. Forbes 400 members Phil Knight, Charles Koch, Barry Diller and Harold Hamm give a master class in how to make sure your money goes to charity and children. Read the full article here
Your CPAs Guide To The New ERC Crisis
IRS Announces Moratorium on the Employee Retention Credit and Provides Guidance for Civil Penalty Amnesty to Withdrawing Improper Claims, Also Known As - Don’t Deposit That Check and Hire Legal Counsel The expansion and strong marketing tactics of good-for-nothing “accounting advisors” who encouraged taxpayers to qualify for the Employee Retention…
Is Working From Home Falling Or Stabilizing? Both.
Is working from home (WFH) falling, signaling that workers have to go back to the office? Or is WFH now a permanent part of future work, jobs, and careers? Well, actually both. But the future, even with higher permanent levels of WFH, remains unsettled for workers and employers. Where WFH…
Who Is Stuck With Tax Tab For Bang Energy Monster Sale?
Seems like everything becomes a tax story eventually and so it goes with the colorful controversial Jack H Owoc and his Vital Pharmaceuticals best known for its Bang Energy line of drinks. There has been controversy about the Pepsi distribution deal, what exactly is it that goes into those drinks,…
Questioning Universities’ Tax-Exempt Status Over Their Middle East Views Is Dangerous
House Ways & Means Committee Chair Jason Smith (R-MO) has questioned the tax-exempt status of universities that, in his opinion, are anti-Israel. Whatever your views on the Middle East, Smith is swimming in very dangerous waters. There are serious questions about the tax treatment of colleges and universities. But do…
Questioning The Tax-Exemption Of Universities Over Their Mideast Views Is Dangerous
House Ways & Means Committee Chair Jason Smith (R-MO) has questioned the tax-exempt status of universities that, in his opinion, are anti-Israel. Whatever your views on the Middle East, Smith is swimming in very dangerous waters. There are serious questions about the tax treatment of colleges and universities. But do…
With Next Tax Season Approaching, It’s Time To Apply For Or Renew PTINs
It's October, so we're thinking about… tax season? Even though that doesn't feel like it should be right, it is. The next tax season is just a few months away, which means it's the perfect time to start thinking about how to prepare. For taxpayers, that should mean reaching out…
IRA Energy Tax Credits, Part 1: History And Early Guidance
In the first of a two-episode series, Tim Jacobs of Hunton Andrews Kurth discusses the energy credits enacted in the Inflation Reduction Act and the major pieces of guidance released so far. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David…
Original Landowners Move To Forefront In Conservation Easement Battles
Disputes focused on “syndicated” conservation easement transactions have existed for years, but they are far from repetitive for several reasons. One is that taxpayers organizing partnerships whose options include donating an easement tend to closely follow guidance issued by the Internal Revenue Service (“IRS”), court decisions, and other sources. Then,…
Real-Time Tax Reporting Is Coming To The U.S.: Are Businesses Ready?
There is a big data revolution quietly brewing inside the U.S. Federal Reserve that’s going to fundamentally change the way corporate tax is reported and collected in this country. It’s called e-invoicing, and it will make it possible for the government to collect detailed transactional data in real-time, automatically at…
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Creative Ways Startups Can Earn Funding in Tough Economic Times
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I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think
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5 Crucial Challenges Startups Must Overcome
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