How Does the Pass-Through Entity Tax Work?
Gloria McDonnell, CPA: September 21, 2021
September 21, 2021 - Pass-through entity tax allows an entity to pay taxes directly at the entity...
Gloria McDonnell, CPA: September 21, 2021
Preparing for PPP Loan Forgiveness
Gloria McDonnell, CPA: April 17, 2020
UPDATED: May 1, 2020 - 11:44 a.m. On April 30, 2020, the IRS issued Notice 2020-32 which provides...
CARES Act Employee Retention Credit and Payroll Tax Deferral
Gloria McDonnell, CPA: March 27, 2020
UPDATED: April 13, 2020 - 11:30 a.m. On Friday, April 10, 2020, the IRS issued additional guidance...
Requirements for Withholding on Payments to Foreign Vendors
Gloria McDonnell, CPA: November 13, 2018
November 13, 2018 — Whether one makes payments to foreign individuals or foreign businesses, there...
Relief from Penalties for Late-Filed Form 5471
Gloria McDonnell, CPA: October 4, 2018
October 4, 2018 —One of the more common international reporting requirements is a Form 5471,...
Tax Planning Strategies to Get the Most Out of Your Deductions
Gloria McDonnell, CPA: June 19, 2018
June 19, 2018 — Can you itemize, or will you be claiming your new standard deduction? Once you...
IRS Offers International Transition Tax Filing Relief
Gloria McDonnell, CPA: June 13, 2018
June 13, 2018 — The IRS has offered penalty and filing relief to many subject to the new transition...
For-Profit or For Fun? Don’t Make the IRS Guess with Your Business Expense Deductions
Gloria McDonnell, CPA: June 13, 2018
June 13, 2018 — Do you want to be able to deduct business expenses? Take the right steps to ensure...
IRS to States: Do Not Sidestep Deduction Limits
Gloria McDonnell, CPA: May 24, 2018
May 24, 2018 — Late last year, Congress passed and President Trump signed into law the most...
The TCJA and International Tax, Part Two
Gloria McDonnell, CPA: March 28, 2018
March 28, 2018 — On February 18, 2018, we published the first part of a two-part article that...
How Has Tax Reform Affected Estate Taxes?
Gloria McDonnell, CPA: March 13, 2018
March 13, 2018 — While the recent tax overhaul bill was extensive, and at times difficult to parse...
IRS Law Changes on Home Equity Interest Deductions
Gloria McDonnell, CPA: March 1, 2018
March 1, 2018 — The Tax Cuts and Jobs Act passed in December changed the rules regarding the...
New Family Medical Leave Tax Credit
Gloria McDonnell, CPA: February 22, 2018
February 22, 2018 — [9/26/18 Update: The IRS has issued further guidance on how to calculate the...
The TCJA and International Tax, Part One
Gloria McDonnell, CPA: February 15, 2018
February 15, 2018 — Included in the recently enacted Tax Cuts and Jobs Act (The Act) were a number...
Government Funding Bill: A Tax Break Revival
Gloria McDonnell, CPA: February 12, 2018
February 12, 2018 — Congress passed a two-year budget deal in the early morning hours on Friday,...