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William F. Murphy, CPA/PFS, ABV, CFF, CGMA 
The Tax Advisor- Corporate Transparency Act, source of BOI reporting mandate, held constitutional
- Even an expert says: Digital asset reporting creates headaches
- IRS clarifies health savings account changes in H.R. 1 in new notice
- PTEs need more notice of changes, more time to respond, AICPA says
- Government withdraws defense of retirement fiduciary rule
- The NTA Blog
- Santa, Please Remember Taxpayers This Holiday Season
- National Taxpayer Advocate Erin M. Collins Recognized as a Standout Leader in Accounting Today’s Top 100
- Use caution when paying or receiving payments from friends or family members using cash payment apps
- Filing a Petition with the United States Tax Court
- Giving Tuesday: Giving Back and Staying Tax Smart
Category Archives: Tax Blog
IRS ADDS FAQS ABOUT “GET MY PAYMENT” ECONOMIC IMPACT PAYMENT STATUS
IRS website – Get My Payment Frequently Asked Questions (updated May 20, 2020) On its website, IRS has added to its FAQs regarding its “Get My Payment” website, which provides information about economic impact payments (EIPs) made under the Coronavirus … Continue reading
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Coronavirus Aid, Relief, and Economic Security (CARES) Act tax provisions.
Right now, your highest priority continues to be the health of those you love and yourself. You may have read an article that I recently published that summarized the Coronavirus Aid, Relief, and Economic Security (CARES) Act tax provisions. That … Continue reading
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RECENT DEVELOPMENTS THAT MAY AFFECT YOUR TAX SITUATION
One of the provisions of the Tax Cuts and Jobs Act (TCJA) disallows a deduction for any item with respect to an activity that is of a type generally considered to constitute entertainment, amusement, or recreation. However, the TCJA did not address the circumstances in which the provision of food and beverages might constitute entertainment. The new guidance clarifies that, as in the past, taxpayers generally may continue to deduct 50% of otherwise allowable business meal expenses Continue reading
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