Can New York State’s Pass-Through Entity Tax Program Help Reduce your Overall Tax Burden?
For tax years beginning on or after January 1, 2021, eligible pass-through entities may elect to pay a New York Pass-Through Entity Tax...
IRS Serves Up (Some) Business Meal Deductions
Despite the fears of a number of tax commentators, guidance recently issued by the IRS preserves deductions for business meals incurred...
Is That Gift Taxable?
The IRS instructions to Form 709 Gift Tax Return spell out the general rules for allocating the unified credit to prior gifts. For 2017,...
Employee Fringe Benefits That Are Tax Free
If you and/or your spouse is employed, the salary, bonus, and any other pay you receive from your employer is income on which you must...
The IRS' 20 Questions for Independent Contractors
Are you really an independent contractor, or... Independent contractors who don't know about — or who ignore — the relevant aspects of...
Tax Write Offs - 75 Possible Deductions
"What can I write-off of my taxes?" is probably the most common question fielded by an accountant. Interestingly, an IRS master list...