Publications

New Requirements for R&D Credits

New Requirements for R&D Credits

The IRS recently shared it receives thousands of R&D claims for credits in the hundreds of millions of dollars from corporations, businesses, and individual...

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Household Workers and Taxes

Household Workers and Taxes

Are you liable for “nanny taxes”? If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers, and...

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Out-of-State Remote Workers

Out-of-State Remote Workers

Working remotely from “out of state” can be taxing The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One...

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Section 529 College Savings Plan

Section 529 College Savings Plan

Oops, you overfunded your 529 plan Some might consider it a good problem to have - - saving too much money for college. But if the money is held in a Section 529...

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Tax Planning Tips for Retirees

Tax Planning Tips for Retirees

There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true...

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California Pass-Through Entity Tax

California Pass-Through Entity Tax

Federal Deduction For State Income Taxes are Partially Restored On July 16, 2021, California Governor Gavin Newsom signed into state law Assembly Bill 150 (“AB 150”),...

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Secure Act 2.0 and Proposed Changes

Secure Act 2.0 and Proposed Changes

On May 4, 2021, the House Representatives reintroduced the “Securing a Strong Retirement Act of 2021,” commonly referred to as the SECURE Act 2.0. The original SECURE...

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Tax Time Scams Awareness

Tax Time Scams Awareness

As the IRS announced the beginning of the 2018 tax filing season last week, it also warned that this is the time when identity thieves and fraudsters are actively...

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Tax Records

Tax Records

The period between filing last year’s tax return and this year’s return is the perfect time to organize your tax records. Granted, it may not be something you relish...

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Calendar or Fiscal Tax Year?

Calendar or Fiscal Tax Year?

Many business owners use a calendar year as their company’s tax year. It’s intuitive and aligns with most owners ’personal returns, making it about as simple as...

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Sustaining Charitable Gifts

Sustaining Charitable Gifts

There are virtually countless charitable organizations to which you might donate. You may choose to give cash or to contribute noncash items such as stock, personal...

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Nondeductible IRA Distributions

Nondeductible IRA Distributions

Do you make nondeductible contributions to a traditional IRA? If so, you need to understand the tax treatment of distributions to ensure you’re not taxed twice on the...

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IRS New Partnership Audit Rules

IRS New Partnership Audit Rules

As you prepare and gather the 2017 tax data, I strongly encourage you to take this opportunity to review and modify your partnership agreements to be in compliance with...

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IRS Dirty Dozen

IRS Dirty Dozen

Last Friday, the Internal Revenue Service announced the conclusion of its annual “Dirty Dozen” list of common tax scams. The annual list highlights various schemes that...

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Cost Segregation Study

Cost Segregation Study

Businesses that acquire, construct, or substantially improve a building — or did so in previous years — should consider a cost segregation study. These studies combine...

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Independent Contractors

Independent Contractors

Many employers mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as the contractors satisfy all of...

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