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Bureau of Economics Analysis Form BE-120

Purpose of Form The Bureau of Economic Analysis (“BEA”) is collecting the Form BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons. The survey is intended...

Don't Neglect Estate Planning

The federal estate tax exemption now exceeds $11 million per person. Accordingly, few individuals or married couples will owe this tax. Nevertheless, there is more to successful wealth transfer than reducing or...

More Give in the Gift Tax

The Tax Cuts and Jobs Act of 2017 increased the federal estate tax exemption to $11.18 million for 2018. That’s per person, so the combined exemption for a married couple can be as much as $22,360,000 worth of...

Supreme Court Decision on Sales Tax for Online Retailers

Earlier today, the Supreme Court of the United States released its highly anticipated decision on South Dakota v. Wayfair. The court upheld South Dakota’s ability to collect and remit sales tax from online...

Deducting Expenses for Business Use of your Home

The home office deduction is one of the most overlooked deductions by small business owners and those that are self-employed. If the expenses associated with the business use of your home qualify for the deduction,...

Tax Cuts and Jobs Act – Foreign-Derived Intangible Income

In our most recent blog about The Tax Cuts and Jobs Act ("the Act") with an international focus, we had to talk about mandatory repatriation which is one of the few provisions effective for the 2017 tax year....

Avoiding the Warm Weather Slow Down in Business

During the summer, it may be true that “the living is easy,” as the old song goes. The midyear season, though, is often not so easy at small businesses because many employees are taking vacations. Total work...

Planning to Reduce Market Impact on Retirement Plans

We have seen an increase in market volatility in early 2018. A steep pullback in stocks could be good news for working people who are building retirement funds, but those approaching or recently beginning retirement...

Home Equity Loans May Still be Deductible

The Tax Cuts and Jobs Act of 2017 affected the tax deduction for interest paid on home equity debt as of 2018. Under prior law, you could deduct interest on up to $100,000 of home equity debt, no matter how you...

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