Jan 15, 2019
Wayfair is an online home décor store transforming the way we shop for things like rugs, couches and dining tables on the internet. But, with a recent loss in the U.S. Supreme Court, the e-commerce site is also transforming what sales taxes even small and...
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Jan 7, 2019
The IRS might soon find out more than it’s ever known about the British Royal Family’s worth. Now that Prince Harry and Meghan Markle are married, the couple will need to file U.S. taxes. The U.S. is the only major country in the world that taxes its...
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Dec 20, 2018
The National Philanthropic Trust (NPT) reports a record-breaking rise in donor-advised funds for charitable giving. Charities received more than $19 billion from these funds last year, which have grown in popularity due to the new tax laws. Donor-advised...
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Dec 11, 2018
The new Tax Cuts and Jobs Act of 2017 (TCJA) changes the way most taxpayers will be able to deduct donations. Whether giving results in more or fewer tax benefits depends on highly individualized factors. The bottom line, however, is that seemingly huge new tax breaks...
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Dec 4, 2018
It’s the season for giving, and the IRS has made it easier to find charitable opportunities that provide tax advantages, too. Its new Tax Exempt Organization Search (TEOS) replaces EO Select Check and offers advanced features like images of newly filed 990 forms and...
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Nov 13, 2018
Bonus depreciation rules now allow for 100% write-offs and are expanded to include big-ticket items like the purchase of used equipment. So is there any reason to expense these purchases as part of Section 179 deductions instead? Thomson Reuters Tax &...
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