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Death & FBAR Reporting Requirements – A Costly Lesson

A recent district court case* against the estate of a deceased taxpayer has ruled in favor of the IRS granting over…

Robert EwanisNovember 23, 2020

Articles COVID-19

IRS Issues Guidance on Deductibility of Expenses Paid with PPP Loan Proceeds

In an update to our previously released alert on this topic, Wednesday evening the Internal Revenue Service (IRS) released Revenue…

Karen ArtasanchezNovember 20, 2020

Articles International Commerce Group International Tax

Offshore Tax Update: IRS Revises the Delinquent International Information Return Submission Procedures

In early November 2020, the IRS updated the terms of the Delinquent International Information Return Submission Procedures (Procedures). The Procedures…

April PengNovember 12, 2020

Articles Business Tax COVID-19

SBA to Require a ‘Loan Necessity Form’ for PPP Loans Over $2 Million

The SBA has previously stated that PPP Loans over $2 million, including affiliates, would be under much more scrutiny. In…

Dan FiorentinoNovember 11, 2020

Articles State and Local Tax Tax Services

Go Ahead, Take the BAIT!

As part of the 2017 Tax Cuts and Jobs Act, the deduction for state and local taxes was severely limited.…

Karen ArtasanchezNovember 10, 2020

Articles International Commerce Group International Tax

IRS Enforcing IRC Section 965 Compliance

As part of tax reform initiatives in 2017, Section 965 of the Tax Cut and Jobs Act (TCJA) requires that…

WilkinGuttenplanNovember 3, 2020

Articles State and Local Tax

NJ BAIT – Year-end Tax Planning Considerations for Pass-Through Entities

While 2020 has been a year like no other, one thing that remains unchanged is the need for year-end tax…

Karen ArtasanchezOctober 30, 2020

Articles COVID-19

Deducting PPP Expenses – Another Quandary Caused by Covid-19

As the end of what seems to be the longest year approaches, many business owners and their trusted advisors are…

Karen ArtasanchezOctober 30, 2020

Articles International Commerce Group International Tax

Brief 2019 FBAR Extension Announced

Holders of bank accounts outside the United States may be required to file FinCEN Form 114, Report of Foreign Bank…

Vinay NavaniOctober 22, 2020

Articles COVID-19 Real Estate

Real Estate Matters – Tax Ramifications of a Foreclosure

As the pandemic continues to take its toll on most businesses, within the real estate industry, many property owners are…

Sefi SilversteinSeptember 2, 2020

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