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Category: Tax Code, Regulations and Guidance


Tax Code, Regulations and Guidance

Four states file lawsuit against Trump administration tax cap

July 18, 2018

Via: Jurist

The attorneys general for New York, Connecticut, Maryland and New Jersey filed a lawsuit on Tuesday against the Trump administration’s $10,000 limit on the federal deduction for state and local taxes (SALT), alleging that it harms taxpayers and undermines state […]


Tax Code, Regulations and Guidance

10 Critical Pieces to Gain Momentum in Business (and Life)

July 12, 2018

Via: Entrepreneur

At the start of 2017 I thought I’d finally “figured it out”… but by the time summer came, I slipped into depression. It’s strange, because I built a stable, sustainable and scalable seven-figure business ($300,000 per month). Yet I hated […]


Tax Code, Regulations and Guidance

There is no constitutional right to cash money bail, 3rd Circuit rules

July 9, 2018

Via: ABA Journal

A federal appeals court on Monday upheld the constitutionality a New Jersey law that mostly ended the use of monetary bail. The Philadelphia-based 3rd U.S. Circuit Court of Appeals upheld the law in a challenge by Brittan Holland, who was […]


Tax Code, Regulations and Guidance

How to Set Up an LLC on LegalZoom in 7 Steps

June 29, 2018

Via: Fit Small Business

An LLC is a business structure that provides its members tax and liability benefits. Filing LLCs is a state-specific process, so it’s important to draft accurate articles of organization with your state. You can file an LLC yourself, but we […]


Tax Code, Regulations and Guidance

Turning Law School Rankings Upside Down

June 26, 2018

Via: FindLaw

Ranking the ‘best’ law schools depends on who you ask. For example, if you ask U.S. News & World Report, the top law schools are Yale, Stanford, and Harvard. That’s based on 12 “measures of quality,” including peer assessment, GPA, […]


Tax Code, Regulations and Guidance

What Small Online Business Should Know About the SCOTUS Tax Ruling

June 22, 2018

Via: FindLaw

As old tax laws and court rulings struggle to catch up to e-commerce, some of the nice loopholes that benefitted online retailers are closing fast. One in particular — that allowed retailers to avoid charging a state’s sales tax if […]


Tax Code, Regulations and Guidance

Supreme Court: employee stock options ‘non-taxable’ under Railroad Retirement Tax Act

June 21, 2018

Via: Jurist

[JURIST] The US Supreme Court [judicial website] ruled [opinion, PDF] 5-4 on Thursday that employee stock options given to railroad workers were not taxable under the Railroad Retirement Tax Act of 1937 [text] because employee stock options are not money. […]


Tax Code, Regulations and Guidance

Feeling Confused by the New Tax Law’s Small Business Provision? You’re Not Alone.

June 20, 2018

Via: Entrepreneur

I’ve been a small business accountant for 30 years, long enough to see just about all there is to see when it comes to the U.S. tax system. But, never in my three decades have I seen the level of […]


Tax Code, Regulations and Guidance

NY lawsuit alleges Trump used his foundation’s assets to pay legal obligations, promote hotels

June 14, 2018

Via: ABA Journal

The New York attorney general’s office announced Thursday that it is alleging illegal conduct by the Donald J. Trump Foundation in a lawsuit that also names as defendants the president and his three adult children. The suit alleges Trump used […]


Tax Code, Regulations and Guidance

Benefits Received Rule

June 14, 2018

Via: Investopedia

What is the ‘Benefits Received Rule’ The Benefits Received Rule actually has two related definitions, one as a tax theory and one as a tax provision. The two definitions are: 1. The Benefits Received Principle, which is a theory of […]