New Law Significantly Benefits Small Business Owners in Nebraska.
On May 31, 2023, Nebraska Governor Jim Pillen signed LB754 into law, marking a significant milestone in the realm of tax reform and relief for small business owners in the state.
Qualified Charitable Deduction delivers tax benefits beyond the typical income tax deduction.
For anyone facing the prospect of taking the required minimum distribution (RMD) from their Individual Retirement Account (IRA) the potential for added tax burden is real. The amount of the…
U.S. Supreme Court to Decide Whether a Software Interface is Protected under Copyright Law
In a case that pertains to technology originally developed in the 1990s, the United States Supreme Court has granted certiorari in Google LLC v. Oracle America, Inc. The dispute between…
500 Series Notices Issued Once Again – The Hits Keep Coming
Due to COVID-19, on May 9, 2020, the 500 series notices were suspended. Now, it seems, the Internal Revenue Service (the “IRS”) has begun to issue the 500 series notices…
Notice 2020-75: The IRS Intends to Issue Proposed Regulations to Assist with State and Local Tax (SALT) Deduction Cap
On November 9, 2020, the IRS released Notice 2020-75. With this Notice, the IRS described its intention to issue proposed regulations, in connection with the Treasury Department, which would allow…
IRS Releases Part 4 and 5 of a Five-Part Security Summit Tips for Tax Professionals during COVID-19
This article wraps up the last of the Security Summit’s five-part series called Working Virtually: Protecting Tax Data at Home and at Work. As a refresher, the Security Summit is made…
IRS Releases Part 3 of a Five-Part Security Summit Tips for Tax Professionals
On August 6, 2020 the Internal Revenue Service (IRS), in partnership with the Security Summit, issued the third part of their five-part series providing tips for tax professionals to thwart off cyber-security…
IRS Releases Part 2 of a Five-Part Security Summit Tips for Tax Professionals
On July 28, 2020 the Internal Revenue Service (IRS), in partnership with the Security Summit, issued the second part of their five-part series providing tips for tax professionals to thwart off…
The Second Circuit Upholds Regulation Best Interest
On June 26, 2020 the U.S. Court of Appeals for the 2nd District ruled that the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) authorizes the Securities and Exchange…
IRS Releases Part 1 of a Five-Part Security Summit Tips for Tax Professionals
On July 21, 2020 the IRS and Security Summit partners issued specific guidance to assist tax professionals with implementing basic security measures. The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency…
