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Isdaner News

Do Modern Day 401(k) Plans Require Monitoring?

Increased scrutiny and evolving regulations have reignited the discussion on employee benefit plan fiduciary responsibility. Stemming from breaches in fiduciary…

IRS guidance on the deductibility of meals purchased in an entertainment context

In a Notice and accompanying information release, IRS has provided transitional guidance on the deductibility of expenses for business meals…

Good Record Keeping Practices

While there are no set rules for how long to keep personal documents, the Better Business Bureau recommends the following…

Treasury, IRS Issue Proposed Regulations on Charitable Contributions and State & Local Tax Credits

As announced in IRS News Release 2018 – 172, the U.S. Department of the Treasury and the Internal Revenue Service…

The IRS has issued further guidance on the 20% deduction for pass-through entities

On August 8, 2018, the Internal Revenue Service released much anticipated guidance on the new 20% pass-through deduction under the…

Tips to Handle Suspicious IRS Calls

The US Department of Justice announced on July 20th that they had disrupted a call center scam that targeted U.S.…

New Jersey Adopts Significant Individual & Corporate Tax Changes

Following are some of the major changes that may impact you and/or your business. New Jersey Increases Maximum Gross Income…

Supreme Court Sales Tax Ruling Affects Consumers & Retailers

A new U.S. Supreme Court ruling paves the way for states to require Internet sellers to collect sales tax from…

Unreimbursed employee business deduction gone: Time to talk to your employer

Before the passage of the Tax Cuts and Jobs Act of 2017, tax law provided individuals the ability to deduct…

Significant Changes to Partnership Audit Procedures

Congress enacted significant changes to partnership audit and adjustment rules. The changes are expected to dramatically increase the audit rates…