TAXATION

The Classification of Workers in the Era of Tax Reform
 

The Classification of Workers in the Era of Tax Reform

Posted: December 7, 2018
In an effort to prevent the misclassification of workers, the government employs a multi-faceted approach. How big is the employee misclassification problem today, and what is the government currently doing about it?


Tax Season Checklists — Part Two
 

Tax Season Checklists — Part Two

Posted: December 3, 2018
Tax season is busy, so preparing for it now will reduce the stress experienced January through April and help reduce exposure to professional liability risk. Pre-tax-season training of personnel and proactive review of administrative procedures will improve efficiency through April 15 and beyond.

State Pass-Through Entity-Level Tax Implementation Issues
 

State Pass-Through Entity-Level Tax Implementation Issues

Posted: December 3, 2018
In response to new federal limitations for pass-through entities, many state tax policy makers are proposing, and several state legislatures have enacted, various approaches to assist their taxpayers in mitigating this new limitation on the federal income tax deduction for state and local taxes.




Tax Season Checklists — Part One
 

Tax Season Checklists — Part One

Posted: November 21, 2018
Planning for the upcoming tax season is an important step in managing the professional liability risk associated with providing tax services. This set of pre-tax-season checklists provide many suggestions firms should consider in planning for this work.


IRS Extends Transition Relief for Unclaimed Property
 

IRS Extends Transition Relief for Unclaimed Property

Posted: November 21, 2018
IRS has extended the transition relief in Rev. Rul. 2018-17 (Withholding and Reporting With Respect to Payments from IRAs to State Unclaimed Property Funds) so that a person will not be treated as failing to comply with the withholding and reporting requirements with respect to payments made before the earlier of Jan. 1, 2020, or the date it becomes reasonably practicable for the person to comply with those requirements.

The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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