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Infographic: Mapping a path forward after Wayfair

Infographic: Mapping a path forward after Wayfair The U.S. Supreme Court in South Dakota v. Wayfair, Inc., 138 S. Ct. 2080 (2018), eliminated the physical presence requirement for states to require businesses to collect and remit state sales tax. It

Defining a trade or business for purposes of Sec. 199A

Defining a trade or business for purposes of Sec. 199A New Sec. 199A provides a deduction for qualified business income (QBI) from sole proprietorships and relevant passthrough entities (RPEs). Sec. 199A allows individuals (and some trusts and estates) to deduct

Broadened definition of Sec. 152 dependents

Broadened definition of Sec. 152 dependents The child tax credit was revised to make it available to more taxpayers, under the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115–97, making it a good time to revisit

Tax Court denies microcaptive insurance arrangement

Tax Court denies microcaptive insurance arrangement The Tax Court held that a purported insurance arrangement involving family–owned manufacturing companies, a microcaptive insurance company, and two fronting carriers was not insurance because the fronting carriers were not bona fide insurance companies

Line items

Line items EIN applicants now limited to holders of SSNs and ITINs In May, the IRS began accepting employer identification number (EIN) applications only from individual taxpayers who have either a Social Security number or an individual taxpayer identification number,

Privacy Versus Convenience, And The Future Of Internet Marketing

Privacy Versus Convenience, And The Future Of Internet Marketing Privacy and convenience have been pulling people in different directions even before the Internet was created. Consumers had unlisted phone numbers to keep junk mail and telemarketers at bay; corporate buyers

Networking Ethnic Style

Networking Ethnic Style Last Updated: Jul 4, 2019To grow a successful career or business, you need a good network. These four tips can help minorities build that network. We have all heard the saying “It’s not what you know, it’s