July 12, 2018
Attorney Morris Robinson's article
, "The Qualified Business Income Deduction (Section 199A): Interim Guidance" has been re-uploaded with the following testimonials:
"A great synopsis as well as a detailed analysis of a complex and almost maddening topic!" - Edward E. Pratesi, ASA, CM&AA, ABV, UHY Advisors N.E., LLC, West Hartford, CT.
"It was excellent, one of the best I've read on this topic. I've been teaching tax for almost 40 years and even with this experience, I'm struggling with this provision. Morris' explanations used the language of the Code and that was much appreciated. Thank you." - William N. Kulsrud, PhD, CPA, Indiana University Kelley School of Business - Indianapolis Emeritus.
A copy of this article was published by Lorman Education Services at their request. Lorman Education Services have provided continuing education services since 1987.
You may download the article for free. Click Here
June 22, 2018
On June 21, 2018, the United States Supreme Court handed down its 5-to-4 decision in South Dakota v. Wayfair, Inc. The majority opinion, authored by Justice Kennedy, held that states may lawfully collect sales taxes from out-of-state internet vendors who sell tangible personal property or services to in-state residents even though these out-of-state vendors do not have a physical presence within the state.
to read Attorney Morris Robinson's article on the decision itself and the next steps for online retailers.
May 24, 2018
The Tax Cuts and Jobs Act (TCJA) reduces the corporate income tax rates of C corporations to 21 percent. The TCJA further reduces the C corporation income arising from tax-favored foreign income by means of two deductions:
- The Foreign-Derived Intangible Income (FDII) deduction equals 37.5 percent of FDII and results
March 15, 2018
The IRS announced it will be closing its Offshore Voluntary Disclosure Program (OVDP) as of September 28, 2018. The news follows a significant decrease in taxpayer participation in the program, coupled with advances in third-party reporting of offshore account information and increased awareness of reporting obligations. All submissions made by the deadline must ...
March 6, 2018
The deadline for individuals to file and pay their 2017 taxes will be Tuesday, April 17, 2018, which is six weeks from now. As we continue to work through “tax season,” I suggest that taxpayers add a withholding review to their to-do list for “tax season.”
March 5, 2018
IRS Announces Withholding Tax Changes for 2018: Employers and Employees Should Review Their W-4 Forms During “Tax Season”
By Yale Yechiel N. Robinson
The Massachusetts Tax Alert™
The Internal Revenue Service (IRS) announced on February 28, 2018
that it has updated its online withholding calculator
and the W-4 form
to comply with the new tax rates under the Tax Cuts and Jobs Act of 2017. Most employers have already adopted the new tax withholding tables for their employees’ wages based on the revised IRS Notice 1036
February 19, 2018
Wire Transfer Audits and FATCA
What Every Taxpayer Needs to Know
by Attorney Morris N. Robinson, CPA, LLM
February 19, 2018
FATCA: The Foreign Account Tax Compliance Act
was signed into law by President Obama on March 18, 2010. There ...
January 19, 2018
Last fall, the U.S. Tax Court decided the case of Smith v. Comm’r.
It’s not a pivotal case, but it stands as a good reminder of the adage “you don’t get something for nothing.” At the heart of the case was a complicated tax planning strategy using an ...
January 19, 2018
In 2015, the Fixing America's Surface Transportation (FAST) Act contained a provision in which the IRS would interact with the State Department to deny or revoke the passports of taxpayers with "seriously delinquent tax debts." However, details needed to be worked out between the two agencies before the effort could begin.
On January ...
January 18, 2018
Donor-Advised Funds: IRS Proposes Rule Changes
A Review of IRS Notice 2017-73
By Attorney Morris N. Robinson, CPA, LLM
January 5, 2018
IRS Notice 2017-73 (the “Notice”) provides advance notice of U.S. Treasury and IRS’ proposed rule changes for Donor-Advised Funds (“DAF’s”).