Are You Liable for Two Additional Taxes on Your Income?
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare […]
Craft Partnership Agreements and LLC Operating Agreements with Precision
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A major […]
What You Can Do About Workers’ Comp Fraud
Workers’ compensation insurance can provide medical care and financial assistance to employees who are injured or incapacitated at work. However, this important benefit […]
Working Remotely May Be Convenient, But May Also Have Tax Consequences
Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers and employees, and […]
Valuing a Business for a Dissenting or Oppressed Shareholder Case
Shareholders who own a minority interest in a business may not always agree with key decisions made by controlling shareholders. For instance, a […]
Cash or Accrual Accounting: What’s Best for Tax Purposes?
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides […]
One Spouse’s Tax Errors May Qualify the Other for Innocent Spouse Relief
Navigating the complexities of tax law can be difficult, especially when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The […]
Office Supply Fraud is Sneaky, But Preventable
Office supply scams are a tricky type of vendor fraud that generally use behavioral psychology and often depend on poor intraoffice communications for their “success.” Although they […]
Understanding Taxes on Real Estate Gains
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps […]
IRS Shares Additional Warning Signs of Incorrect Claims for ERTC
As appearing in IR-2024-198
Businesses urged to proactively resolve erroneous claims to avoid penalties, interest, audits
As the […]
