Tax Blog

Blogs May 05, 2022 Tax Court Ruling Highlights Impact of Non-Filing on Itemized Deductions

A recent U.S. Tax Court case highlighted the importance of filing a timely return and the effects that non-filing can have on itemizing deductions.

Blogs April 19, 2022 IRS Comments on ERC Penalty Relief Related to Claims

On April 18, the Internal Revenue Service issued a bulletin concerning possible penalty relief for taxpayers who claimed the Employee Retention Credit.

Blogs March 31, 2022 Mileage Logbook Requirements

In Sharon A. Struble v. Commissioner T.C. Summary Opinion 2022-1, the Tax Court clarified expectations for a mileage logbook to claim a tax deduction or employer reimbursement for business miles driven.

Blogs March 14, 2022 Understanding the Jock Tax and How to Plan for It

Learn what the so-called jock tax is, who is affected by it, and how to plan for its impact on taxes.

Blogs February 16, 2022 Income Tax Provision 101: Class Is in Session

This EisnerAmper webinar reviewed the fundamentals of accounting for income taxes and key considerations for the 2021 year-end provision.

Blogs January 27, 2022 Child Tax Credit for 2021

Effective for tax year 2021 only, the American Rescue Act of 2021 has expanded the Child Tax Credit (“Credit”) in a two-tiered process.

Blogs January 25, 2022 Where Do We Stand with Taxes and the BBB Plan?

What might opponents of the Build Back Better plan want in order to reconsider their nay votes, and what could this mean for the tax provisions under the plan?

Blogs December 01, 2021 Potential Changes on the Horizon for Qualified Small Business Stock – IRC Sec. 1202

The Build Back Better Act, passed by the House and currently under consideration in the Senate, could potentially reduce the tax benefits of IRC Sec. 1202.

Blogs November 16, 2021 Infrastructure Bill Repeals the Employee Retention Credit for Q4 of 2021 – Opportunities Remain

President Biden signed into law the Infrastructure Investment and Jobs Act, eliminating the ERC for the fourth quarter of 2021, except for Recovery Start Up Businesses (“RSBs”). Opportunities remain for eligible employers to claim the ERC for calenda…