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Articles and News
Online sellers--IRS Delays Reporting Requirement
IRS delays $600 Form 1099-K reporting rule on Venmo, PayPal
Alabama Tax Audit Targets
How does the Alabama Department of Revenue choose taxpayers for audit.
IRS Expat Filing Program--Amnesty
IRS Streamlined Filing Program for Expat non-filers seeking amnesty on income tax filings and FBAR.
IRS Rule on PayPal and Venmo Transactions
New IRS 1099-K Rules on Payment Processor Payments
Changes in Alabama Corporate Income Tax
Alabama passes changes to its taxation of corporations, including apportionment of multi-state income.
More IRS Audits
IRS audits have increased in recent months, especially for higher-income taxpayers, corporations, and partnerships.
Implications of New Build Back Better Plan
Summary of the latest Build Back Better Act Tax Provisions and Impact.
Taxation of Personal Sickness/Injury and/or Disability Lawsuit Settlement Awards
Taxation of Legal Settlements from Personal Injury, Personal Sickness, Disability Insurance Awards
Non-Qualified Stock Options-Private Companies
Taxation of non-qualified stock options of private companies
SBA PPP Loans-Funding and The Self-Employed
COVID-19 SBA Paycheck Protection Loans for the Self-Employed
IRS Extends Tax Due Dates
Internal Revenue Service extends due dates for filing and paying
Internal Revenue Service Standard Mileage Rates
2019 Internal Revenue Service (IRS) Standard Mileage Rates.
Taxation of Alimony
Taxation of alimony under Trump’s tax plan and prior tax law with an analysis of divorce and taxation pursuant to Alabama state law.
Tax Deductions for Business Owners
The 20% deduction for pass-through entity owners and planning strategies.
Tax Reform for Businesses
The recently enacted tax reform bill has made significant changes to the taxation of business. This post summarizes some of the more substantial changes.
Selling Property with Life Estate
Tax treatment upon the sale of property with life estates.