Articles Archives

Beneficial Ownership Information (BOI) Reporting

The deadline for most reporting companies to file Beneficial Ownership Information (BOI) reports (requirements can be found here) is quickly…

Alan BurdgeNovember 11, 2024

Articles Estate and Trust International Tax

The IRS Halts Automatic Penalties Related to Forms 3520 and 3520-A

What are Forms 3520 and 3520-A? Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain…

Franchelly Diaz ColonNovember 5, 2024

Articles Business Tax Real Estate

New Jersey Reduces In-Office Requirement for Tax Incentives

New Jersey is granting additional flexibility to suburban offices, allowing them to retain state tax breaks even if employees only…

Taylor OstrowiakNovember 4, 2024

Articles International Tax

Tax Benefits for Housing Expenses for U.S. Taxpayers Living Abroad

It is well known that U.S. taxpayers who live abroad and have earned income, such as salaries and compensation for…

April PengOctober 31, 2024

Articles Business Tax Tax Services

Understanding Form 5500 for All Benefit Plans

Form 5500 discloses financial and compliance information about welfare benefit plans, including health insurance, life insurance, disability benefits, and other…

Kristin FlaminiOctober 21, 2024

Articles Tax Services

2025 Social Security and Medicare Tax Updates

In 2025, the Social Security wage base will rise from $168,600 to $176,100. The Social Security tax rates for both…

Grace LeeOctober 18, 2024

Articles Business Tax Tax Services

PA Budget Adjusts NOL Deduction Limits, Sales Tax Exemptions; Doesn’t Include PTET Election

On July 11, Pennsylvania Gov. Josh Shapiro signed into law the 2024-2025 budget (S.B. 654), which amends several important business…

Meg ChesleySeptember 5, 2024

Articles Closely Held Business Employee Benefit Plan Audits

RetireReady New Jersey: How it Works

New Jersey has enacted RetireReady NJ, an initiative with the goal of making retirement savings more accessible to New Jersey…

Kristin FlaminiAugust 8, 2024

Articles International Commerce Group International Tax

No “Moore” Debates: 2017 Mandatory Repatriation Tax Upheld by Supreme Court

What is the Moore v. United States case about? Charles and Kathleen Moore (the “Moores") were subject to Internal Revenue…

Franchelly Diaz ColonJune 24, 2024

Articles Tax Law Resources Tax Services

Action May Be Required: IRS Announces Unclaimed Refunds

The IRS recently announced approximately $1 billion in unclaimed refunds for the 2020 tax year. This dollar amount affects almost…

Kelly McNicholasMay 3, 2024

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