Final Bonus Depreciation Regulations Issued

The IRS issued final regulation on bonus depreciation under IRC Sec. 168(k) on September 16, 2019. This was a follow up to their previously issued proposed regulation released in August 2018. The final regulation clarified that qualified improvement property placed in service after 2017 is no longer eligible for bonus

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S-corp or C-corp? Which Entity Should you Be?

Both S corporation (S-corp) and C corporation (C-corp) structures share many common benefits; however, there are several notable differences that could have a direct impact on your business.  Some of these differences can be an advantage or disadvantage, at any time, for either structure. Here’s a quick summary of what

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Fake Tax Notice Scam Highlighted in IRS Alert

Tax professionals and taxpayers need to be on high alert concerning a recurring scam involving fake CP2000 notices that are being mailed (via U.S Post Office) to taxpayers under the guise that taxes related to the Affordable Care Act are due. This scam is significant because, by using the U.S.

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