Tax

At a Glance Main Takeaway Understand the requirements for children, college students, and relatives to qualify as tax dependents for deductions and other related tax credits

In the wake of the COVID-19 pandemic, many businesses have shifted to a hybrid or fully remote working structure

As we get into the thick of tax season, many businesses and individuals are thinking of reducing their tax burden for the upcoming year

Post COVID-19 hiring trends are changing how businesses manage their staffing needs

Beginning in tax year 2021, partnerships, S corporations, and US persons who were partners in foreign partnerships or entities electing to be taxed as partnerships will be required to submit the new Schedule K-2 and K-3 with their returns if they have items of "international tax relevance." The new schedules…

California is known for having some of the highest taxes in the country for both individuals and businesses

The Governor today signed SB 113, which expands the passthrough entity elective tax benefits by: Repealing the tentative minimum tax limitation on the Passthrough Entity Elective Tax Credit; Allowing partnerships/S corporations/LLCs with owners that are partnerships to make the election (although the tax can’t be paid on behalf of the…

https://windes.wistia.com/medias/4g3814xpni?embedType=async&videoFoam=true&videoWidth=640   In this informative webinar, Professor Christopher Schwarz from UC Irvine presents his economic and financial market forecasts for 2022

The long-awaited fix to AB 150’s passthrough entity elective tax has been introduced in the California Legislature