Category: Tax Services
On June 21, 2018, the US Supreme Court issued a decision in South Dakota v. Wayfair overturning the physical presence requirement commonly applied to determine sales tax nexus and opening the door for economic nexus. What that means is the federal government will allow each state to determine whether a...
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When the new tax law disallowed miscellaneous 2% deductions and personal exemptions, it was unclear how this would affect Estates and Non-Grantor Trusts. On 7/13/2018, the IRS issued Notice 2018-61 that announced the Treasury Department and IRS intend to issue regulations providing clarification. In general, some deductions and the personal...
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July 9, 2018 by Staff
We have been contacted by several clients recently who received scam emails or phone calls “from the IRS”. Scammers will impersonate the IRS by sending emails which look like they are from the IRS or display caller ID which indicates a call from the IRS. If you receive communication from...
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January 15, 2018 by Staff
Today it feels like it is only a matter of time before your financial information is compromised. Here are suggestions on what to do to protect your information and the steps you should take if you are a victim. Protect your information: Do not give out your social security number....
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December 13, 2017 by Staff
The banking rules for businesses are changing effective May 11, 2018, however some banks are implementing the changes early. Therefore, next time you open a business bank account, or renew your line of credit, don’t be surprised if they ask for additional information regarding the individual owners of the business....
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