TRENDING IN TAX

Post-tax reform: Obtaining capital gain treatment on sale of patents
Clarity on how capital gain treatment is available on the sale of patents, in certain scenarios.

Opportunity zones and the ripple effect on credits and incentives
In the rush to take advantage of the qualified opportunity zones program, taxpayers may overlook the benefits of state and local tax credits.

California reverses position on limited partnership tax and filings
The California Franchise Tax Board ruled that limited partnerships disregarded for federal income tax purposes are not subject to minimum tax or filing requirements.

Retailers must be mindful of gift card tax pitfalls
Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.

 

 

Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
https://rsmus.com/what-we-do/services/tax/additional-tax-resources/tax-ideas-insights.html

Disclaimer

At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit; and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest federal, state, and international tax news as well as updates pertaining to the Tax Cuts and Jobs Act. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Insero is separated from other CPA firms by our client service model which offers you year-round interaction and proactive advice from your client service partner. Yes, we’re sticklers about deadlines and compliance, but among our larger objectives is to help clients with tax management. So we keep an eye on federal, state, local, and international tax laws, including those which are pending and alert you to changes and help you respond in a timely way.