There is a major change regarding W-2 and 1099 filings. In 2018, the IRS issued regulations that virtually eliminated the ability to ask for an extension to file these forms. This change means you must …Read More

 

Paying your taxes is serious—and the government wants you to know it. For the first time in years, Minnesota and Wisconsin now have a permanent director in the U.S. Attorney’s office dedicated to fighting tax …Read More

 

It’s getting to be that time of the year to review your business’s expenses for deductibility. The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many business …Read More

 

The effects of the 2017 Tax Cuts and Jobs Act has a simple but large impact on the Estate Tax world. The federal exemption increased from $5.49 million per person in 2017, to $11,180,000 in …Read More

 

As the new W-4 draft is released, Froehling Anderson wanted to provide an in-depth overview of the updated draft and what you can expect in 2019. The IRS has released a draft of the 2019 …Read More

 

How To Document Business Expenses

Some common deductions for businesses are meal, vehicle and travel expenses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. Is your business properly documenting them? A critical …Read More

 

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great …Read More

 

3 Common Misconceptions about the IRS Audit Process

For many high-income taxpayers, the prospect of being asked to submit to an audit is one of the scariest scenarios they can imagine. There are many misconceptions about what happens during an audit, which we’d …Read More

 
Alan J. Delage

What You Should Know about Foreign Bank Account Reporting

In this age of global e-commerce, more and more individuals and businesses are maintaining a foreign bank account. But in addition to making foreign bank accounts more accessible, e-commerce, particularly the use of debit and …Read More