Illegal tax shelter seller finds no shelter in stock forfeiture provision
A taxpayer’s stock in an S corporation was not subject to a substantial risk of forfeiture due to a forfeiture...
Tax advice for clients who day-trade stocks
Jun 27, 2022
The proliferation of retail trading has brought challenges as well as new opportunities for accountants. Because the tax rules surrounding...
Senate Finance airs post-Wayfair sales tax burdens
Jun 24, 2022
Small business owners told the Senate Finance Committee on Tuesday how the interstate reach of state and local sales taxes...
Midyear IRS mileage rate increase follows precedent, recent pleas
Jun 22, 2022
While the IRS usually sets the optional standard mileage rates for computing deductible costs of operating an automobile only at...
Reinstatement of the Superfund excise tax
Jun 17, 2022
On Nov. 15, 2021, President Joe Biden signed into law the Infrastructure Investment and Jobs Act (Infrastructure Act), P.L. 117-58. The...
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