Topics: Business Tax
-
Building 280E-Compliant Cost Accounting for Cannabis
Under Section 280E you cannot deduct ordinary operating expenses, but you can still reduce gross receipts by cost of goods sold computed under Section…
-
280E Demystified: What Cannabis Businesses Can and Cannot Deduct
Internal Revenue Code Section 280E denies cannabis businesses every ordinary and necessary business deduction and tax credit because marijuana remains a
-
1031 Exchange Rules: Timelines, Traps, and How to Qualify
A Section 1031 like-kind exchange defers capital gains tax on real property held for business or investment use, provided you identify replacement property
-
IRS Electronic Payment Changes for the 2026 Tax Year
The IRS is moving to electronic payment for federal taxes in 2026. Learn about IRS Direct Pay, EFTPS enrollment, and your payment options.
-
IRS Layoffs: How Workforce Cuts Impact Taxpayers
IRS layoffs could mean longer wait times, more tax court cases, and delayed audits. Learn how IRS workforce cuts affect taxpayers and what to…
-
How the Presidential Election Impacts M&A Activity
Presidential elections slow M&A activity by 8 to 10%, but post-election years rebound fast, especially with $2.6T in private equity dry powder waiting.
-
Pass-Through Entity Tax: GAAP Reporting and Planning
How pass-through entity tax elections work under GAAP, including ASC 740 vs. distribution treatment and the new SALT cap’s impact.
-
Ohio Pass-Through Entity Tax: PTET Savings Guide
Ohio’s pass-through entity tax (PTET) lets S corps, partnerships, and LLCs deduct state income taxes beyond the personal SALT cap. Here’s how the election…
-
Stock Purchase vs Asset Purchase: Tax and Legal Differences
A stock purchase vs asset purchase differs in tax treatment, liability exposure, and deal complexity. Learn which structure benefits buyers and sellers.
-
Tax Loss Deduction: Four Hurdles You Must Clear
A tax loss deduction requires passing four IRS tests. Learn how basis, at-risk, passive activity, and excess business loss rules apply to you.