1099-K Reporting Requirement Delayed for 2023; New, Phased-In Approach for 2024

The IRS delayed implementing new, lower reporting requirements for Form 1099-K in 2023 and announced a phased-in approach for 2024.

2023-12-04T09:30:18-05:00December 4, 2023|Categories: Tax: Individual|Tags: |

Webinar | “Greatest of All-Time” Internal Revenue Code Sections

After 38 years serving hundreds of U.S. taxpayers, Tax Partner Sean O’Connell shares his “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.

2023-11-30T08:43:28-05:00November 20, 2023|Categories: Tax: Business, Tax: Exempt Organizations, Tax: Individual|Tags: |

“Greatest of All-Time” Internal Revenue Code Sections

After 38 years serving hundreds of U.S. taxpayers, Tax Partner Sean O’Connell shares his “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.

2023-12-01T08:08:58-05:00November 1, 2023|Categories: Tax: Business, Tax: Exempt Organizations, Tax: Individual|Tags: |

Expatriating Americans: Beware the Exit Tax

For a variety of reasons, many Americans living overseas contemplate relinquishing their citizenship. This process has a number of ramifications that warrant serious consideration. This article will focus on the tax impact of renouncing US citizenship — the US Exit Tax.

2023-10-10T16:19:59-04:00October 11, 2023|Categories: Tax: Business, Tax: Individual, Tax: International|Tags: |

North Carolina Budget Passes with Tax Cuts and Other Modifications

North Carolina passes a budget almost three months after the fiscal year begins with new taxes, accelerated tax cuts, and other taxpayer-friendly provisions.

2023-10-04T09:26:20-04:00October 3, 2023|Categories: Tax: Business, Tax: Individual|Tags: |

IRS Provides Tax Relief and Extension for South Carolina and Florida Taxpayers Impacted by Hurricane Idalia

IRS announces new Hurricane Idalia tax relief and a new February 15, 2024 tax deadline for all individuals and businesses in South Carolina. 

2023-10-05T17:28:40-04:00September 7, 2023|Categories: Tax Alert, Tax: Business, Tax: Individual|Tags: |

Estate Planning after the Sale of a Business Interest

This article discusses estate planning and tax considerations after the sale of a business interest or other liquidity event, including common strategies to reduce estate tax and meet charitable giving goals.

2023-09-15T16:56:42-04:00August 30, 2023|Categories: Estate and Trust, Tax: Individual|Tags: , |
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