News Article

IRS has expanded its tax collection tools in light of the financial difficulties taxpayers may have in paying their tax obligations. –       You can ask the IRS to temporarily delay collection for a short time frame until conditions improve. For example: you could be expecting a bonus, asset sale, inheritance or other event that will generate […]

Research and Development Tax Credits for Software Development An often-over-looked tax credit for companies that conduct software development is the Research & Development Tax Credit (R&D) for Federal and state tax credits.  There is the traditional R & D tax credit and the Alternative Simplified Calculation.  The credit applies to United States expenditures only. Four […]

The Covid-19 pandemic has unleashed a slew of tax laws, relief provisions and loan programs.  Among the most popular of the loan programs is the Paycheck Protection Program and colloquially called PPP.  Since this PPP loan process is different from the usual SBA loan programs, guidance has come out through Frequently Asked Questions (FAQs) and […]

Please note that the retroactive changes and extenders may lead to amended 2018 tax returns – should the cost be worthwhile. Business tax extenders impact specific industries and some impacting certain entities – like the look-thru rule for related CFCs and changes related to Qualified Opportunity Zones.   Individual tax changes should show up in the […]