Featured Article
December 10, 2019
By Lori A. Brochin, Director, Tax & Business Services
Among the many modifications enacted by the 2017 Tax Cuts and Jobs Act was a major change to the standard deduction, which eliminated separately tracking itemized deductions, such as charity donations, for many taxpayers.
December 08, 2019
As Seen In
Accountants and tax lawyers have had two full years to analyze how all the changes contained in the tax overhaul affect their clients.
December 03, 2019
As Seen In
The Tax Cuts and Jobs Act roughly doubled the amount an individual can transfer to others without being subject to the 40% gift and estate tax.
December 02, 2019
As Seen In
It’s been a long, complicated year for accounting firms as accountants and their clients felt the full impacts of the Tax Cuts and Jobs Act of 2017 for the first time.
November 07, 2019
Press Release
Marcum LLP today released its 2019 Year-End Tax Guide. The 54-page annual review discusses the first tax filing year under the Tax Cuts & Jobs Act of 2017.
September 17, 2019
Tax Flash
Treasury and IRS published regulations on September 13, 2019, providing guidance on the new bonus depreciation rules under the Tax Cuts and Jobs Act.
July 29, 2019
Tax Flash - Real Estate
The election out of section 163(j) can be a beneficial choice for real estate businesses that have a significant amount of interest expense and qualify to make the election.
July 22, 2019
Tax Flash
Taxpayers may elect to aggregate two or more trades or businesses to combine the respective wages and unadjusted basis.
June 26, 2019
Tax Flash - International Taxation
The new participation exemption (245A) regulations eliminate the deduction for certain dividends received by U.S. taxpayers from foreign controlled corporations.
June 13, 2019
Tax Flash - State & Local Taxation
The Tax Cuts and Jobs Act limits the deduction for state and local income taxes (SALT) for those living in states and localities with high income or property taxes.
June 10, 2019
Tax Flash - Nonprofit & Social Sector
Many sources are predicting that charities may see a substantial difference when individuals start filing their 2019 returns as individuals become more familiar with potential changes due to new law.
May 27, 2019
Tax Return Compliance
There are many things to consider in the preparation of dependent children’s tax returns.
May 20, 2019
Tax Return Compliance
The Section 199A deduction was enacted as part of the Tax Cuts and Jobs Act of 2017.
April 26, 2019
Tax Flash
The Treasury and IRS issued a new set of proposed regulations on Qualified Opportunity Zones last week, which provides additional guidance and offers considerably greater flexibility in structuring business arrangements which satisfy the QOZ rules.
April 13, 2019
As Seen In
The sweeping federal tax law that took effect last year, the biggest in more than three decades, left many people shocked, angry and befuddled.
April 10, 2019
As Seen In
People who have yet to have their taxes prepared may have a tough time finding an accountant to help at this late date.
April 10, 2019
As Seen In
Tax Day, April 15th, is fast approaching. If you're a procrastinator, don't have all of your documents ready, or won't have time to file your taxes by the deadline, a tax extension can give you more time to get everything ready.
April 09, 2019
As Seen In
A new limit on state and local tax deductions isn't forcing taxpayers to leave NY, NJ and CA despite claims from some Democratic politicians that the federal tax overhaul is causing a mass exodus of wealthy residents, according to Moody's Investor Service.
April 08, 2019
As Seen In
Some local nonprofits are seeing fewer donations in wake of federal tax law changes.
April 05, 2019
As Seen In
Dream of owning a plane? This tax break can help dream of owning a plane.
April 05, 2019
As Seen In
Accountant Joe Perry calls this the Super Bowl for accounting firms because you have to be a pro to figure all this out.
March 30, 2019
As Seen In
Things are looking uncertain for filers hoping to get a break on their 2018 federal taxes by contributing to state-run charitable funds.
March 27, 2019
Tax Flash
The IRS has issued additional relief from penalties on those taxpayers who have underpaid their 2018 income taxes.
March 15, 2019
As Seen In
With the first tax season post-tax reform nearing completion in the U.S., the small business accounting sector has seen even more evidence that the advisory role of SMB accountants remains of prominent importance.
March 06, 2019
As Seen In
Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone.
March 04, 2019
Tax Flash
The qualified transportation fringe benefit companies provided to their employees is one of the expenses that generally has been eliminated (IRC Section 274(a)(4)).
March 04, 2019
Marital Dissolution
The Tax Cuts and Jobs Act of 2017 modified the treatment of alimony payments.
February 25, 2019
Tax Return Compliance
Tax season is upon us, and with it invariably come over-the-top car commercials exhorting businesses to take advantage of the opportunity for a write-off.
February 13, 2019
As Seen In
Bloomberg Markets Radio invited National Tax Leader Joseph Perry onto the program to discuss the 2019 tax season.
February 13, 2019
As Seen In
Joseph Perry, National Tax Leader of Marcum, discusses the big changes individuals should be paying attention to when they do their taxes this year, and how to best maximize their refund.
February 06, 2019
As Seen In
As small business owners compile their income tax returns, they'll confront some of their losses from the new tax law: popular deductions that have disappeared or been reduced.
February 05, 2019
As Seen In
Americans are still making sense of the Tax Cuts and Jobs Act, the largest tax-law reform in 30 years. The TCJA was enacted in December 2017, but many Americans are still unsure how it affects them, even though they'll incorporate those changes into their returns for the first time this year.
February 04, 2019
Tax Flash - International Taxation
On January 24, Pennsylvania’s Department of Revenue released Corporate Tax Bulletin 2019-02, addressing the Pennsylvania tax treatment of GILTI and FDII.
January 15, 2019
As Seen In
The longest government shutdown in U.S. history could cause tens of thousands of businesses to make a tough choice about whether to claim one of the biggest perks in the Republican tax overhaul.
January 09, 2019
As Seen In
Millions of small business owners will be in uncharted waters this tax season as they try to determine if they qualify for a deduction that could exempt one-fifth of their income from taxes.
January 03, 2019
Tax Flash
Happy New Year to our readers! Now that 2019 is upon us, businesses are gearing up for reporting season.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
DOWNLOAD THE MARCUM ON THE GO APP
