FIRPTA Withholding – Top 10 Questions
What is FIRPTA withholding? The acronym stands for the Foreign Investment in Real Property Tax Act and is used to describe withholding of tax on the sale of real estate [...]
New Nonprofit Reporting Guideline Protects Donor Privacy
In a move to protect donor privacy and ease reporting burdens, the Treasury Department and the IRS announced on July 16 that certain nonprofit organizations no longer have to report [...]
Higher Education Uncertain About Impacts of Tax Reform
Virtually every individual and industry in America will be affected by the Tax Cuts and Jobs Act—including higher education. However, tax reform still lacks clarity. The Internal Revenue Service and U.S. [...]
Manufacture Savings… via Sales Tax Breaks
Manufacturers are at the heart of the supply-demand equation. By transforming raw materials into components for construction, items for consumer purchase and more, you play a critical role in our [...]
Newly Reduced HSA Maximum Contribution Limits!
The IRS has announced new HSA maximum contribution limits to health savings accounts, courtesy of the Tax Cuts and Jobs Act of 2017.Beginning with the 2018 calendar year, the annual [...]
DPAD: Going, Going…Replaced?
In 2004, producers of goods in the U.S. were awarded a tax incentive called the domestic production activities deduction (DPAD). It seems hard to believe that was 13 years ago, [...]