News & Insights

Learn about the tax planning issues related to owning a vacation home including the frequency of rental use – Moore Colson – Atlanta Tax Firm.

In March 2018, the American Institute of Certified Public Accountants (AICPA) released additional guidance for practitioners as it relates to SOC 2 reporting. Effective for examination periods ending after December 15, 2018, the guidance provides updates and clarity to SOC 2 reporting requirements and responds to the new 2017 Trust Services Criteria (TSC) and the […]

To help you make sure you don’t miss any important 2019 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Date Deadline for January 31 […]

When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction for smaller businesses that operate as pass-through entities, with income that is “passed through” to owners and taxed as individual […]

In my advisory role, I see companies of all sizes asking IT and security executives what is being done to address cybersecurity at their companies. I have had the opportunity to work with a lot of companies, large and small, and I can safely say that cybersecurity is on everyone’s minds. Boards of directors and […]

The Form 1099, referred to as an information return, is a series of forms provided by the Internal Revenue Service (IRS). There are several different types of 1099 forms; its purpose is to report the many types of income a person might receive during the year aside from the income he/she may receive from his/her […]

One change affecting estate plans under the Tax Cuts and Jobs Act is that, for the estates of persons dying after December 31, 2017, and before January 1, 2026, the generation-skipping transfer (GST) tax exemption amount increases to an inflation-adjusted $10 million, or $20 million for married couples with proper planning ($11.18 million and $22.36 […]

The tax treatment of bitcoin and other “virtual currencies” — also known as “cryptocurrencies” — is widely misunderstood. But if you invest in virtual currency, use it to pay for goods or services, or receive it as payment for goods or services, failure to understand your tax obligations can have serious consequences. On the IRS’s […]

In its much-anticipated decision in South Dakota v. Wayfair, the U.S. Supreme Court ruled, by a 5 to 4 margin, that a state may require out-of-state sellers to collect sales and use tax even if they lack a physical presence in the state. In reaching this result, the court overturned its landmark 1992 decision in […]

In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax years beginning in 2018. Taxpayers were allowed to rely on that guidance while waiting for regulations. The IRS has now published proposed regulations that taxpayers can rely on until final regs are released. The proposed […]