Tax Blog

Form 1099 is used to report to the IRS various types of income as well as the payments made to independent contractors, rental property income, income from interest and dividends, sales proceeds and other miscellaneous income.

A recap of a recent session focused on year-end tax planning topics including issues related to retirement plans, tax loss harvesting and charitable contributions.

A November webinar on “Year-End Tax Planning Strategies for Businesses” focused on federal, corporate, state and local tax issues to be aware of.

A breakdown of current and proposed rules for beneficiaries of inherited individual retirement plans.

A recent tax webinar that covered a diverse array of topics such as R&D capitalization, stock-based compensation, rate reconciliation, naked credits and more.

It is important to note that the American Rescue Plan Act extended the ERC's statute of limitations for IRS examination to five years. The IRS is in the process of training enforcement agents to identify cases where the ERC was improperly claimed.

A recap of the recent IVY Family Office Network’s 2022 Trends Forum discussing how family offices should best prepare, from a tax perspective, from what may be in the near future.

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.

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