E-Filing Requirement for Not-for-Profit Form 990-EZ Filers
The Taxpayer First Act, enacted July 1, 2019 requires tax-exempt organizations to electronically file information returns and related forms – but the legislation offers a reprieve for small exempt organizations. The reprieve allows a postponement of the electronic filing requirement, with the IRS accepting either paper or electronic filing of
The Real Deal for Real Estate – an Update on the 30-Year Switch
In February, we wrote about COVID-19 relief bills and their impact on the real estate industry – and now there’s an update on the 30-year switch, as well as insights on how recently introduced legislation would impact the interest expense limitations. New IRS Guidance Offers Options One of the outstanding
Unpacking the HBI Tax Credit and What It Means for Indiana Businesses
Indiana businesses can benefit substantially from investment and job creation through the many tax credits and incentives the State of Indiana offers. One of the more significant ones is the Hoosier Business Investment (HBI) Tax Credit – a non-refundable corporate income tax credit calculated as a percentage of the qualified
Stock sale vs. Asset sale: Tax Considerations
Has the turmoil over the last year caused you to start thinking of selling your business? Or, perhaps, the pandemic has opened up opportunities to expand your business? One of the most compelling decisions you will need to consider in structuring a buy/sale agreement is whether to structure the deal
What Proposed Tax Changes Mean for You – Q&A with a Top Tax Pro
Q: What’s the goal of the current tax proposals? A: Overall, the Biden administration’s tax proposals seek to increase tax revenue to support various government plans to fund needs such as investment in infrastructure. By targeting specific groups, such as large corporations with overseas operations, the intent is to move
Tax Increases on the Horizon for International Operations
Corporations and businesses with international operations may soon see a bigger tax bill. On March 31, 2021, President Joe Biden unveiled the American Jobs Plan, which focuses on upgrading and repairing physical infrastructure, investing in manufacturing, and expanding long-term healthcare services. And to offset the cost of the