Close-up on the new QBI deduction’s wage limit

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to non-corporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S […]

Supreme Court Opens the Door For Sales Tax

In its June 21st landmark decision South Dakota v. Wayfair, Inc., the Supreme Court of the United States overturned the physical presence test for sales tax. Most businesses have relied on this test to avoid collecting sales taxes from out-of-state […]

Beware of the New Twist on the IRS Phone Scam

The Internal Revenue Service is warning taxpayers of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers (TACs) to trick taxpayers into paying non-existent tax bills. The IRS urges taxpayers […]