Taxes

When the U.S. Supreme Court ruled in favor of the state in South Dakota v. Wayfair, Inc., in 2018, it expanded the complexity of sales tax obligations for many businesses.

According to the survey, 76% of financial institutions are experiencing enhanced regulatory scrutiny related to sanctions since early 2022.

Qualified deductible expenses include the cost of books, tuition, food, clothing, transportation, medical and dental care, entertainment and other amounts actually spent for the student's well being.

Fourteen people were charged in a $53 million fraud scheme involving the federal government’s pandemic relief program, including some executives from a Dallas metal recycling firm.

Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.

But Section 529 plans don’t have to be used only for your kids. One can be set up to reward virtually any beneficiary—including yourself!

When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.

Businesses should take lessons from five years of transformation experiences to make a plan for the next half-decade.