CPA Practice

MARCH 21, 2024

Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. On February 16, the Tax Court ordered the parties to file another status report by May 17, 2024.

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Tax Delaware tax return accounting and finance 122

KROST

MAY 11, 2021

While the benefits can be retroactively claimed if missed on previous tax returns, many miss out on the credit or deduction due to the temporary nature of the provisions. KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry.

Real Estate 52

Real Estate Tax Delaware tax return 52

Shay CPA

DECEMBER 2, 2022

R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits? The R&D credit application (form 6765) filed with a timely filed tax return can provide your startup with additional runway to either invest back into the company for a key hire.

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Tax CPA tax planning payroll tax 59

KROST

JANUARY 13, 2021

Hence, taxpayers in those states will have to report depreciation recapture on their state tax returns and will not be able to take bonus depreciation on the incidental personal property received in the exchange to offset the state tax burden. Federal vs. State. New Provision to the Proposed Regulations.

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Real Estate tax return Tax Delaware 52