November 16, 2021
Are Certain Foster Care Payments Taxable? Medicaid Waivers and IRC 131
Are Certain Foster Care Payments Taxable? Medicaid Waivers and IRC 131...
News
November 11, 2021
Partnerships and Income Tax – Staring into the Abyss of IRS Form 1065
Partnerships and Income Tax - Staring into the Abyss of IRS Form 1065 and its accompanying regulations is a challenge, not for the faint of heart. The first question I always ask partners in on-going partnerships looking for bookkeeping, accounting, payroll and tax prep services is ...
November 11, 2021
IRS Commissioner calls CRISIS!
IRS Commissioner calls CRISIS! Rettig's editorial in the Washington Post as released by the US Treasury is as remarkably bold as the man himself. He is calling CRISIS! This is BIG and must be repeated. The IRS Commissioner is CALLING CRISIS! Messaging from a Trump appointed 'republican' via a 'liberal rag'...
July 23, 2021
Improving IRS Communication Efforts
Harrison Smith and Justin Abold-LaBreche are improving IRS communication efforts. As Co-Directors of the IRS Enterprise Digitalization and Case Management Office with experience across multiple IRS offices, they spearhead efforts to modernize systems, simplify business processes, and empower employees to rapidly resolve issues in simplified...
June 29, 2021
The Tax Fairness for Coloradans package — is Coal Dead in Colorado?
The Tax Fairness for Coloradans package – is coal dead in Colorado? This is one of many questions arising out of HB21-1311 (Income Tax) and HB21-1312 (Insurance Premium Property Sales Severance Tax), combined legislation that expanded tax credits for working families and small businesses but hurt the coal...
June 27, 2021
Colorado Sales Tax Nexus & Destination Sourcing Rules
Colorado Sales Tax Nexus & Destination Sourcing Rules The Colorado General Assembly adopted SB21-282, which extends the small business exception to destination sourcing requirements. This exception applies only to businesses with less than $100,000 in retail sales. As of February, 1st 2022 however, all retailers must apply the destination sourcing...
June 8, 2021
Liquidating Distributions of a Partner’s Interest in a Partnership
In the plethora of files across my desk over the years, navigating compliance issues for liquidating distributions of a partner’s interest in a partnership have 3 buzzworthy considerations to avoid unwanted scrutiny. Calculating the recognized gain or loss from a cash or property distribution in...
May 25, 2021
Colorado’s Sales Tax Regime
Over the last several years, retailers across the U.S. have needed to adjust to the widespread implementation of economic nexus as a direct result of the ‘Wayfair’ Supreme Court Decision. A handful of states – with the Colorado sales tax regime at the top of...
February 11, 2021
February 11, 2021