Employee or Partner? Treatment of Individuals within Partnerships Owning Disregarded Entities

For many years, some partnerships that owned disregarded entities (single-member LLCs) claimed that their partners were employees of the single-member ... read more >

It's 2016, do you know where your investments are?

"It's 10 p.m., do you know where your children are?" was a popular public service announcement in the 70s and 80s. Now in 2016, the IRS and ... read more >

Affordable Care Act Forms 1094 and 1095 IRS Due Dates Fast Approaching

Employers with 50 or more full-time equivalent employees (FTEEs), otherwise known as Applicable Large Employers (ALEs), were required to provide the 2015 ... read more >

Department of Labor Issues Final Rule on Overtime for White-Collar Workers

On Wednesday May 18, 2016, the Department of Labor (Department) issued the new Final Rule for Overtime for Exempt White-Collar Workers (Final Rule). The ... read more >

South Dakota Adopts Sales and Use Tax, Economic Nexus Law

Effective May 1, 2016, any seller who does not have a physical presence in the state of South Dakota and meets one of the following criteria in the previous ... read more >

House Ties IRS Bonuses to Performance

Tax

By Brian Kohut

In a move designed to push the Internal Revenue Service (IRS) to develop a more robust plan in providing taxpayers with a higher level of service, on April ... read more >

Leveraging Technology to Help Manage Fair Labor Standards Act Changes

If you aren’t already aware, the U.S. Department of Labor (DOL) has proposed revisions to the Fair Labor Standards Act (FLSA). These revisions are ... read more >

IRS Announces Erroneous Failure-to-Deposit Penalties Will Be Resolved

Tax

By Jim Gilboy

This spring’s tax season was extended to April 18 because of a holiday (Emancipation Day) in the District of Columbia. While many of us believed ... read more >

Business, or Hobby? Report Claiming IRS Has Been Delinquent in Reviewing Hobby Losses Issued

Tax

By Dennis Mowrey

The Treasury Inspector General for Tax Administration has issued a report and found that the IRS has been delinquent in reviewing “hobby losses” ... read more >