Blogs by Jonathan D. Mishkin

Man in blue shirt filling out IRS tax forms at a desk, holding a pen and surrounded by paperwork on a wooden table.

Taxpayer First Act Continued

Continuing from our post on Wednesday, here's additional information that we thought would be important to share! IRS must give notice of intent to contact ...
Overhead view of person using a calculator and holding financial documents at a clean, organized office desk.

Tax First Act

H.R. 3151, the “Taxpayer First Act” was signed into law on July 1, 2019, to modernize and improve the Internal Revenue Service.  The Taxpayer First ...
Four professionals sitting around a table having an engaging discussion with coffee cups and a laptop.

Considerations for Utilizing C Corporations Under New Tax Law

While the reduced 21% tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been wonderful news for these entities and ...
IRS form 1040, Treasury refund check, pen, and hundred-dollar bill on a beige background, implying tax filing.

New 20% Deduction Available For “Qualified Business Income” (“Pass-Through” Income)

There is a significant new tax deduction that provides a substantial tax benefit to individuals with "qualified business income" from a partnership, S corporation, LLC, ...
Stacked silver coins next to a sign labeled TAX on a wood surface with an arrow pointing toward the tax label.

New Statewide Transit Tax

As a result of the 2017 legislative session, effective July 1, 2018, all employers in Oregon are required to withhold, report and remit one-tenth of ...
Hand with gold pen pointing to colorful financial bar graphs on paper, with a calculator visible on the table.

Qualified Business Income (Pass-Through) Under the Newly Enacted Tax Law

Just before Christmas, President Trump signed legislation providing a significant new tax deduction taking effect in 2018. This should provide a substantial tax benefit to individuals ...
Close-up of hands holding a smartphone and a credit card while seated at a desk.

New Due Date for Foreign Bank Account Reporting

If you’ve ever filed a foreign bank account report (FBAR), then June 30 may be ingrained in your memory as the filing deadline. It had been ...