International Tax Director Rolando Garcia was recently a guest on STA Money Hour hosted by Scott Bishop, Executive Vice President of Financial Planning for STA Wealth Management. During this edition of STA Money Hour, Garcia and Bishop discussed many...

The Internal Revenue Service (IRS) opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially pr...

New Internal Revenue Service (IRS) guidance filled in several more pieces of the Code Sec. 199A pass-through deduction puzzle. Taxpayers can generally rely on all of these new final and proposed rules. Final Regulations The final regulations in T.D. ...

A new year is among us, meaning several new tax provisions as a result of the Tax Cuts and Jobs Act (TCJA) will go into effect this filing season. With virtually all areas of the tax code being impacted, it’s more important than ever to explore tax...

The Internal Revenue Service (IRS) has released a new Form 1118, “Foreign Tax Credit — Corporations,” and new instructions along with it. However, with the Tax Cuts and Jobs Act (TCJA), it might also impact individuals who own foreign corporati...

The Internal Revenue Service (IRS) announced it is waiving estimated tax penalties for some taxpayers. The penalty waiver applies to taxpayers whose 2018 estimated tax payments did not meet the penalty’s usual safe harbor. Estimated Tax Penalty Mos...

The Internal Revenue Services (IRS) has provided guidance and examples for calculating the nondeductible portion of parking expenses. In addition, they have provided guidance to tax-exempt organizations to help such organizations determine how unrela...

While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations of certain tax breaks — and, in some cases, due to their filing status...