Tax

Among the many tax deductions that Congress eliminated from the federal tax code is the deduction for alimony payments. Alimony is generally used to provide ongoing financial support to the lower income spouse following a divorce. The Tax Cuts and Jobs Act (TCJA), signed into...

Employers and employees may have questions regarding Christmas gifts during the holiday season. Unlike most gifts, which usually involve tax considerations only when they are very valuable, even a modest gift between an employer and employee may be recharacterized by the IRS as compensation. Any...

On November 16, 2017, the House passed H.R.1, also known as the “Tax Cuts and Jobs Act.” On the same day, the Senate Finance Committee marked up its own version of the Act. After clearing the Senate Budget Committee, the full Senate has finally voted...

In the context of today’s fast-growing “gig economy,” where an internet platform or app can facilitate consumer transactions and payments, it is easier for people to offer unique services, like food delivery, ride sharing, home repair, and cleaning with just a few swipes of their...

Agricultural providers and producers face numerous legal and regulatory challenges. They must comply with an increasing number of state and federal requirements, including labor and employment laws, environmental regulations, land use, pesticide use, food safety, and more. Agriculture technology (“AgTech”) is the leading solution to...

In contrast to the federal perspective on marijuana businesses, popular vote has legalized recreational marijuana in four states and the District of Columbia. In addition, medical marijuana is legal in 25 states. States that legalize marijuana often levy heavy excise taxes on marijuana products. These...

Paul Manafort, the former campaign chairman to President Donald Trump, was indicted by a federal grand jury on October 27, 2017. Counts three through six of the indictment are for his failure to file reports of foreign bank and financial accounts for calendar years 2011-2014....

The U.S. attracts foreign investment and entrepreneurs by providing various incentives in the tax code for starting and expanding American businesses. It can also contain traps, however, for the poorly advised. The following is a brief overview of the U.S. tax laws as they apply...

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