Your Guide to State, Local, Federal, Estate + International Taxation

IRS releases new five-year strategic plan

Since the start of the year, our tax blogs have focused a lot on the Tax Cuts and Jobs Act (and rightly so if you ask me). The new tax law implements a lot of changes for taxpayers and tax professionals. I don’t think we think about it a lot, but the new tax law …

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Moving on with life, deducting moving expenses

When you graduate from college, you never know where life is going to take you. My hopes following graduation were to move away from home and get a job in my degree. Luckily for me, I was able to make this happen. Two days after my graduation, I drove with my family from Michigan down …

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Postcard 1040: is it really a possibility thanks to tax reform?

It looks like President Trump wasn’t kidding about wanting to file taxes on a postcard. As a matter-of-fact, the IRS released a proposed draft of the 2018 Form 1040 and it is LITERALLY the size of a postcard. Tax accountants and CPAs everywhere are laughing and thinking this has got to be a joke, right?! …

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Social Security: What to do when a family member dies

If you are a spouse, child or parent of someone who has died, you may qualify for Social Security benefits. To get spousal benefits, the deceased family member must have worked long enough under Social Security to qualify. A worker can earn up to four credits each year. In 2018, when a worker earns $5,280, …

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The decision part 3: state tax impact and NBA free agency

Here we are again. The summer of Lebron. Four years ago, I thought Lebron would stay in Miami, but he chose to come home to Ohio. Lebron has to decide before June 29 if he will opt in to the final year of his contract with the Cleveland Cavaliers, or opt out and become an …

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Partnership audit rules, changes for 2018 and beyond

With news about the sweeping tax reform known as the Tax Cuts and Jobs Act grabbing most of the tax-related media attention, it’s easy to forget that big changes to the partnership audit process have also gone into effect for 2018. These changes have major implications for partnerships at both the entity level and partner …

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Breaking: Sales tax case Supreme Court decision

On the morning of June 21, 2018, the United States Supreme Court handed down its decision in South Dakota v. Wayfair, Inc. In short, this decision remands the rulings in Quill and Bellas Hess, which required a taxpayer to have a physical presence (such as a storefront or factory) in a jurisdiction for them to …

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An appeal for cryptocurrency clarification and taxes

If trying to wrap your head around blockchain technology wasn’t difficult enough, the tax implications of cryptocurrency trading, investing, mining and bartering are no picnic to figure out either. The IRS issued Notice 2014-21 on April 14, 2014, addressing a number of frequently asked questions regarding cryptocurrency taxation. A lot has happened in the four …

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Digital tax coming to a tech company near you… possibly

Take a second and look up from your phone. What do you see?… If I had to guess, it would be other people looking down at their phones. If that doesn’t scream digital economy, I don’t know what does. The global market is growing and becoming more and more complex. Companies are reaching out and …

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Be in the tax department, they said

Following up on the blog that Tatum wrote, I thought I would give some perspective on what has changed working in the tax department since I started what seems like a bajillion years ago. When I started in public accounting, not only were there no cell phones, there were only the beginning pieces of personal …

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