In an article published recently in Construction Executive and its CE Weekly newsletter, James Pickett explains what taxpayers should do when dealing with various IRS notices. Pickett emphasizes that taxpayers and their representatives should carefully reach each piece of mail that the IRS sends and to never ignore correspondence.
Peter Stathopoulos Featured in Oz Magazine
In a recent article Peter Stathopoulos discusses the state of Georgia’s film industry. Thanks to tax incentives, filming continues to grow across the state, but opportunity exists for the state to invest in content creation, as investment for the booming production business, however, still flows primarily from New York or L.A.
Brian Sengson Shares Insights on Wayfair Ruling in Law360
In an article recently published in Law360, state and local tax attorney Brian Sengson discusses how technology companies will continue to face expanded sales tax nexus as states adopt economic nexus law. Companies, particularly technology companies, should not take the Wayfair ruling lightly.
James Pickett to Present Live Webinar on What to Do When the IRS Mails You a Letter on December 18
On Tuesday, December 18 at 1:00 PM ET, James Pickett, Director of Tax Controversy at Bennett Thrasher, will be presenting a live webinar and discussing steps to take when the IRS mails you a letter or notice.
New Georgia Department of Revenue Audit Procedures and How They Impact Production Companies Webinar
The Georgia Department of Revenue has been adopting new audit policies on voluntary and random film tax credit audits. Sometimes these policies are being adopted retroactively and some are arguably aggressive
Thinking Taxes – Fourth Quarter 2018 Newsletter
Thinking Taxes – Click here to read the fourth quarter newsletter.
IRS Gives Taxpayers A Break on Meal Deductions
On October 3, 2018, the IRS issued Notice 2018-76 confirming that certain business meals will continue to be deductible, subject to the 50% limitation. As background, the Tax Cuts and Jobs Act (“TCJA”) of December 2017 eliminated the deduction for entertainment expenses effective January 1, 2018, creating uncertainty whether client business meals would be treated as a form of nondeductible entertainment.
IRS Issues New Roadmap for Transfer Pricing Examinations
On June 29, 2018, the Internal Revenue Service (“IRS”) released Publication 5300 (06‑2018), Transfer Pricing Examination Process (“TPEP”), a 37-page document intended to guide IRS agents in the planning, execution and resolution of transfer pricing examinations (“TP Audits”).
Register for Our Entertainment Webinar: New Georgia Department of Revenue Audit Procedures and How They Impact Production Companies
The Georgia Department of Revenue has been adopting new audit policies on voluntary and random film tax credit audits. Sometimes these policies are being adopted retroactively and some are arguably aggressive
Peter Stathopoulos and Brian Sengson Appear on Business Radio X’s Wealth Matters Podcast
Peter Stathopoulos and Brian Sengson of Bennett Thrasher’s State and Local Practice recently appeared as guests on an episode of Business Radio X’s Wealth Matters podcast.
Tim Oberst Discusses the Section 199A Deduction in Accounting Today
In an article published in Accounting Today, Bennett Thrasher partner Tim Oberst discusses the highly anticipated proposed regulations for Code Section 199A, the new 20 percent deduction on “qualified business income” of pass-through entities, released by the Treasury Department and the IRS on August 8.
Taxpayers Receive Much Needed Guidance on New 20 Percent “Pass-through” Deduction
On August 8, the United States Department of Treasury and the IRS released the long-awaited and highly anticipated proposed regulations for IRC Code Section 199A, the statute governing the new 20 percent deduction on “qualifying business income” allowed to owners of “pass-through” entities.
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