Tax Blog

Blogs March 26, 2021 How To Claim the Employee Retention Credit

In this – the third post in a series – Jennifer Demasi outlines exactly how the ERC can be claimed.

Blogs March 15, 2021 Interaction Between Paycheck Protection Program Loans (PPP) and Employee Retention Credits (ERC)

With the enactment of the Consolidated Appropriations Act, 2021, employers eligible for the ERC can now claim the ERC, even if they also received a PPP loan. This articles takes a look at a few very important caveats.

Blogs February 09, 2021 Texas Finalizes Regulations for Sourcing Service Receipts

The Texas State Comptroller adopted and finalized revisions to sourcing rules for franchise tax receipts. These revisions encompass a multitude of sourcing rules and the sourcing of services, including economic nexus.

Blogs February 09, 2021 Philadelphia Updates Business Tax Guidance on Coronavirus Stimulus

The Philadelphia Department of Revenue issued new tax guidance related to economic stimulus as a result of the pandemic. The guidance covers the PPP, federal ERC, limitation on business interest expense, and bonus depreciation on QIP.

Blogs February 09, 2021 NY Issues Important Tax Decision on Vacation Homes

New York State’s recent decision regarding vacation homes owned by out-of-state residents may lead to more audits based on the taxpayer’s day count and owning a permanent place of abode.

Blogs February 08, 2021 Will Taxes on COVID-19 Unemployment Benefits Produce Sticker Shock?

For those who received unemployment insurance in 2020 and did not have any amounts withheld or under-withheld tax amounts, they may be in for a rude awakening when filing their 2020 tax returns.

Blogs September 29, 2020 The Discharge and Subordination of IRS Liens

If the IRS has filed a lien on your assets, and if you still have equity in those assets, you may want to consider discharging assets from a tax lien or subordinating a tax lien.

Blogs July 10, 2020 Sales and Use Tax – Underpayments and Refunds

This content examines managing sales and use tax expense, with its exemptions, exclusions and differing interpretations and the two conflicting, but equally troubling errors often faced: overpayments and underpayments of tax.

Blogs February 24, 2020 Non-Filers Beware: The IRS May File Your Return for You

A discussion of the IRS and its Automated Substitute for Return (ASFR) program, its process, and why it’s not a great method for filing.