Federal Income Tax Update No. 1
This is the first of two installments of this article. Find the second installment here. I. Audit Statistics: What Are Your Chances of Being Audited? The…
Taxation of Trust Income Deemed Unconstitutional: NC Supreme Court Decision in Kaestner
On June 8, the North Carolina Supreme Court affirmed the 2016 decision of the North Carolina Court of Appeals in Kimberly Rice Kaestner Family Trust v. North…
Qualified Opportunity Zones
On October 19 the IRS issued proposed regulations and a revenue ruling about opportunity zones, which are an important tax incentive program in the major tax…
When Are Meal Expenses Nondeductible Entertainment?
The IRS recently issued Notice 2018-76 to provide transitional guidance on the deductibility of certain business meal expenses. Taxpayers may rely on the…