The Tax Professionals Blog
Rentals and Information Reporting
The Sec. 199A deduction has stirred up a lot of controversy in the tax preparation community related to whether landlords are subject to information reporting requirements, typically filing and issuing...
Read MoreBusinesses and State SALT Workarounds
Several states, in an effort to circumvent the $10,000 limit on state and local tax deductions imposed by the TCJA, have established charitable funds and then give contributors to the...
Read MoreIRA-to-IRA Rollover Waiting Period Consequences
As sure as the sun rises every morning you stand a good chance of encountering a taxpayer who has violated the one rollover a year rule for IRAs. This article...
Read MoreGovernor Signs New bill affecting CRTP Tax Prep...
On September 20, 2018, Governor Brown signed into law Assembly Bill 3143 which modifies the laws affecting CTEC preparers.
Read MoreSurrogacy Fees and Taxes
You won’t run across it very often, because the number of surrogacies compared with conventional births is very small. Generally, surrogacy arrangements are made through surrogacy agencies. Surrogacy is a...
Read MoreMismatched W-2 Notices
Your business clients may begin receiving notices in 2019 from the Social Security Administration (SSA) related to Forms W-2 (Wage and Tax Statement) they submitted that contain name and Social...
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