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IRS releases draft of Form 1040

  • August 2, 2019

The Internal Revenue Service has released a draft of Form 1040. The form is slightly longer than a previous postcard-size version, but the IRS is reducing the number of schedules to three. Continue Reading

Estate planning for the other 99%

  • August 2, 2019

The implications of the large increase in the estate and gift tax exemption are complex and affect estate planning for everyone, not just the small percentage of the population who will still file estate tax returns. Continue Reading

Sales tax compliance post-Wayfair

  • August 1, 2019

The U.S. Supreme Court's decision last year in South Dakota v. Wayfair prompted many states to enact new sales tax legislation or promulgate new regulations based on economic nexus. Here's how to help clients comply. Continue Reading

Understanding small taxpayer gross receipts rules

  • August 1, 2019

A number of exceptions are available to small business taxpayers to help them avoid some of the Internal Revenue Code's more burdensome requirements. Although these exceptions are meant to simplify tax law compliance, the rules for evaluating whether a business qualifies for the exceptions can be convoluted. Continue Reading