Tax-Free Qualified Disaster Relief Payments to Employees in Connection With COVID-19 Will End May 11, 2023
All expenses being treated as nontaxable under IRC Sec. 139 due to COVID-19 will soon lose that benefit.
Are Real Estate Taxes on Non-rental Investment Properties Subject to the $10,000 SALT Deduction Cap?
Yes, they are fully deductible as an itemized deduction in the year they are paid.
Partnership Schedule K-2 and K-3 Draft 2022 Instructions Add New Domestic Filing Exception
The IRS released draft 2022 partnership instructions that include a new exception to filing and furnishing to partners Schedules K-2 and K-3 for 2022.
Buy-Sell Agreements: Benefits and Best Practices
The benefits of a buy-sell agreement are only as good as its terms, effective execution, and regular updates.
Car Wash Valuation: How to Clean Up
A major factor in the car wash industry has been the increase in private equity activity.