Insights by Author: Devin Witt

Section 174 Research Deduction Changes for 2022

November 19, 2021

Have you been deducting your R&D expenses as they occur? Starting in the new year, that…

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Can I Claim a Home Office Deduction During COVID?

August 11, 2020

Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces…

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Tax Tips for Law Firms

January 31, 2020

Whether you’re a partner or an associate in a law firm, the IRS has rules that…

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Tax Deductions from Land Donations Under Scrutiny

January 16, 2020

The IRS announced that they will be keeping a watchful eye on certain land donation deals…

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CA, You’re Not Alone – Treasury Bans All SALT Deduction Workarounds

July 30, 2019

The Treasury Department and the IRS recently issued final regulations blocking all states from trying to…

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IRS Released Safe Harbor Guidance for Vehicle Deductions

April 3, 2019

The IRS recently released a safe harbor method that harmonizes 100% bonus depreciation with the annual…

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Teach Them Young – How to Leverage Summer Job Salaries

July 31, 2018

If you want to teach your child the value of a dollar this summer, take a…

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New Bill Delays Three Taxes

April 9, 2018

The president signed a “continuing resolution” on January 22, delaying three health-related taxes: the medical device…

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New Option for Claiming Research Credit

May 19, 2017

The IRS recently provided interim guidance to qualified small businesses on a new option for claiming…

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CA Partial Sales and Use Tax Exemption

August 26, 2014

As a way to encourage economic growth in California, a new tax law recently went into…

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Employees in Other States? Here are the Top Tax Implications to Consider

Return-to-office plans remain in a state of limbo as some employers find that a remote work ...
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How are Trusts Taxed?

three generation happy asian family walking outdoors in park A trust can be a powerful estate-planning ...
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Tax Breaks for the Elderly

Getting older has its perks, including tax breaks. Your income threshold for filing a tax return ...
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Congress Open to Considering a Pause on Automated Tax Notices

National Taxpayer advocate, Erin Collins, mentioned at a recent virtual seminar last Thursday that Congress may ...
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IRS Announces 2022 Limits for Retirement Plans

The IRS has announced the new retirement plan numbers for 2022.Retirement limits for 401(k) and similar ...
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What Papers do You Need to Save?

Sometimes it feels good to get rid of clutter, especially this time of year when the ...
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Tax Policy Update: How the Build Back Better Act Affects Individuals

RECORDED WEBCAST  |  December 16, 2021 Download webcast slides The Senate Finance Committee’s release this past ...
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DOL Reveals Key Change for Tipped Workers

Employees in occupations where gratuities are common, such as restaurant waitstaff, have long fallen into a ...
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IRS Clarifies Temporary Deductibility of Per Diem Meal Expenses

The IRS has issued Notice 2021-63, clarifying previous guidance issued under Notice 2021-25 pertaining to the ...
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Section 174 Research Deduction Changes for 2022

Have you been deducting your R&D expenses as they occur? Starting in the new year, that ...
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Year-End Tax Planning for Individuals

As we near the end of another turbulent year, it’s time to discuss the steps you ...
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Year-End Tax Planning for Businesses

2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another ...
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