Feb 28, 2023
The federal government is again working on final changes to its independent contractor guidelines. Getting this sticky area wrong can hold dire consequences with potential litigation, fines, fees, and, of course, back taxes. Employee classification can be a...
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Feb 21, 2023
You win some, you lose some—that’s the nature of investing. But when it comes to paying taxes, you might be able to turn an investment loss into a tax win through tax-loss harvesting. It’s certainly a volatile time for investing. U.S. stocks and bonds were down in the...
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Feb 14, 2023
New instructions for schedules K-2 and K-3 are out. The big change is a Domestic Filing Exception (DFE) that, in theory, makes it easier to file if all partners/owners qualify. The DFE is designed to reduce the complexity and time associated with preparing and filing...
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Jan 24, 2023
Remember the 2018 Wayfair ruling? Industry experts speculate that small businesses conducting out-of-state sales could see enforcement of the economic nexus ruling ramp up in 2023. The $80 billion cash infusion the IRS recently received could cause a trickle-down...
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Jan 19, 2023
Litigation financing has come a long way since being considered a bizarre bankrolling tool in cases like Hulk Hogan’s lawsuit against Gawker Media in 2016. In fact, the potential for ligation financing may only just be starting to take shape, particularly during times...
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Jan 17, 2023
As s a young man, Steven Bankler learned the value of record keepning. His family owned a series of local businesses where he learned much about finance and taxes. With an undeniable interest in taxes, it was only fitting that Steven became a successful certified...
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