Tax Update Blog

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Tax News & Views will help you stay informed with what's happening in the tax world. Whether it's a new tax law tacked on to a spending bill, a new court case that reminds us of venerable tax lessons, or a surprising approach by states to tax non-residents, it's fair game.

We will cover tax issues impacting middle-market, closely-held businesses and their owners, as well as how tax affects your nonprofit or government entity. View our latest blog posts below or subscribe to stay informed.

Latest Insights

August 12, 2020
Blog
Employee opt-out for employee FICA withholding? Winning by losing in tax planning. Telecommuting taxes. Farm demolitions. Happy Birthday, IBM PC.
August 11, 2020
Blog
Get ready for estate tax changes. Whither the payroll tax suspension? Lingering CARES Act problems. Qualified improvements - they matter. SALT workaround regs. Hedy Lamarr, Wi-Fi pioneer.
August 10, 2020
Blog
Trump goes around stalled congress. What's in Trump's executive orders - and what's not. Permanent cuts to Medicare and Social Security? COVID and the IRS impacting sports both real and fake. Smithsonian's birthday!
August 7, 2020
Blog
Loss Deductions, Payroll Tax Holiday confound Congress COVID talks. GILTI regs - amend your return? Home office deductions and dangers. Iowa sales tax holiday underway. Lamborghini or lawyer, choose one.
August 6, 2020
Blog
Divorce settlement fails to increase basis of family business. IRS smashing easement deductions on technicalities. Leave sharing. Sales tax holidays. The value of $100, state by state. Happy birthday to the Web.
August 5, 2020
Blog
Repeal of $10K state and local tax deduction cap snags COVID relief talks. New PPP guidance clarifies owner comp. LLCs and farms. 16.3% California income tax? Idle keyboards, busy sin tax collectors. Judges as truffle hunters.
August 4, 2020
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Unilateral payroll tax cut scorned. COVID relief negotiators find optimism. Targeting PPP fraud. Online sales tax surge < traditional tax losses. Gig econ info reporting gaps. Happy bubbly birthday.
August 3, 2020
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COVID relief negotiations slog on. Proposed small business accounting regs. Online COVID shopping and sales taxes. Tax crimes as prosecution "insurance." Mickey Mouse, bestower of tax refunds.
July 31, 2020
Blog
Nonprofits get expanded relief in CARES Act. GOP proposes stimulus for adults and children. Tax revenues slide in second quarter. Tapping retirement accounts to help with COVID costs. Traveling workers and their taxes.
July 30, 2020
Blog
Regs proposed on small taxpayer accounting breaks. Relief for COVID remote employees? Deductibility for PPP costs still in play. Amending Minnesota returns. Tax Court > Netflix. Florida man, Thailand, taxes, hamsters.
July 29, 2020
Blog
Final regs narrow scope of "interest" for deduction limits. FAQ on combining businesses for small business breaks. Prospects for Senate COVID relief. Tax documents and time travel.
July 28, 2020
Blog
GOP COVID relief plan introduced; delays likely. 2020 Iowa tax changes explained. Major penalty for hockey team accountant. Lamborghini not fast enough to outrun PPP fraud charges.

Stay informed!