“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: , |

Bipartisan House Bill Seeks to Streamline Individual Tax Return Extension Requests and Payments

By Charles Dean Smith, Jr., CPA | Bipartisan proposed legislation would prevent individual taxpayers from incurring federal penalties for failing to accurately calculate estimated payments for current-year tax liability when requesting tax filing extension

2023-05-31T16:38:12-04:00May 31, 2023|Categories: Tax: Individual|Tags: , |

What’s in the Inflation Reduction Act, Anyway? 12 Tax Provisions in Detail

From corporate tax changes to clean energy tax credits, the 179D commercial building deduction, and more, the Inflation Reduction Act contains a myriad of tax law changes for 2023 and beyond. This article details 12 tax changes likely to impact most taxpayers.

2023-05-26T10:51:13-04:00May 23, 2023|Categories: Tax: Business, Tax: Individual|Tags: , |
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