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IRS Provides Coronavirus-Related Relief for Qualified Opportunity Funds, Investors
The IRS has provided new relief for qualified opportunity zone (QOZ) investors and qualified opportunity funds (QOFs) in response to the ongoing COVID-19 pandemic. 180-Day Investment Window Opens Wider On April 9, 2020, the Department [...]
IRS Issues Guidance on Elimination of Deduction of Qualified Transportation Fringe (QTF) Benefit Expenses
The IRS has issued proposed regulations that provide guidance for the deduction of qualified transportation fringe (QTF) and commuting expenses. The Tax Cuts and Jobs Act (TCJA) disallowed deductions for qualified transportation fringe expenses as well as [...]
Drafting a Business Continuity Plan (BCP)
Disasters happen. From hurricanes and earthquakes to floods and wildfires, recent years have shown us that every business must be prepared for a potential disaster or crisis. Since disaster is sometimes unavoidable, a business owner’s [...]
Tax Concerns for Self-Employed Individuals
Today’s workforce is structured differently than it was 10 or 20 years ago. The gig economy began to take hold in the early 2000s, and today, almost a third of working Americans are self-employed or [...]