Tax Law Resources Archives

The Corporate Transparency Act is a significant piece of legislation that aims to increase transparency and accountability among companies operating…

Tim TorresJuly 12, 2023

Venmo Reporting Requirement Update On Friday, December 23, 2022, the Internal Revenue Service “IRS” announced that they are postponing the…

Jenna McDonoughJanuary 27, 2023

One of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA) was the severe limitation placed…

Summary California recently enacted a bill as part of the budget package for the fiscal year 2020. Called the “Loophole…

When the Tax Cuts and Jobs Act was passed, a new tax deferral vehicle was created where taxpayers could defer…

Len NittiNovember 26, 2019

With the issuance of Revenue Procedure 2019-38, the IRS has finalized the Section 199A deduction safe harbor test for rental…

Len NittiSeptember 26, 2019

https://youtu.be/P_UvFci1oFQ In December 2017 the Tax Cuts and Jobs Act (TCJA) was passed marking the first time in almost 30…

https://youtu.be/K4wIKOpkdMw Why it’s Important The recent overhaul to our tax system has resulted in some significant changes to many provisions…

Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. trade or…

As part of the passing of the Tax Cuts and Jobs Act in December 2017, a new tax incentive was…

Len NittiMarch 4, 2019