News

Some of the significant tax law changes of The Tax Cuts and Jobs Act of 2017 (TCJA) are set to expire at the end of 2025 unless Congress...

The IRS released Revenue Procedure 2015-56 which provides a safe harbor method of accounting for costs incurred in remodel and refresh...

On November 24th the IRS issued Notice 2015-82 announcing an increase in the deductible amount for purchases of tangible property for...

On September 12, 2013, the IRS and Treasury Department released final regulations under IRC Section 162(a) and 263(a) on the deduction...

As we draw towards the end of 2013, the season for tax planning is in full swing. One area of tax planning comes to the forefront of many...

In the restaurant industry, it is common for businesses to post a menu notation requiring a certain percentage mandatory gratuity due...

Many taxpayers are engaged in businesses that may be classified as a hobby by the Internal Revenue Service (“IRS”). The tax treatment of...

The Internal Revenue Service (“IRS”) is attempting to pre-verify tax refunds before they are issued. Taxpayers are being notified of this...

It is no secret that taxing authorities are encouraging or requiring taxpayers to participate in electronic filing of their tax returns....