Disaster Tax Relief Act
By Zach Wimberger, Tax Services, Rosenfield & Co, PLLC On September 29th 2017, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017, putting forth changes to provide tax relief for any taxpayers that have been impacted by Hurricanes Harvey, Irma, and Maria. The most notable relief this law provides […]
Republican Tax Reform Framework
By Jennifer Kobylarz, CPA, MST – Tax Services, Rosenfield & Co, PLLC On Wednesday, September 27th, the Republican Party announced their Tax Reform Framework, outlining tax cuts for both individuals and businesses. Largely, the Framework conforms to the goals President Trump outlined in April. The largest difference being the proposed corporate tax rate; President Trump […]
Capturing Micro-Captive Transactions Abuse- Possible Action Required by January 2017
From the Desk of Jan Dulman, CPA, Partner On November 1, 2016 the Department of the Treasury and the Internal Revenue Service (the “Agencies”) cast a wide net in the form of Notice 2016-66 in an attempt to capture and close what is believed to be transactions with the potential for tax avoidance or evasion by […]
Critical Updates on Forms W-2, W-3, 1096 and 1099
From the Desk of Peter Goodrich, Tax Staff With another calendar tax year coming to a close, it is important to bring to your attention some of the significant changes that have been made regarding the filing compliance of W-2’s and W-3’s, and 1099’s and 1096’s due to a tax provision enacted in late 2015 […]