Entertainment versus Meals: Guidance released from the IRS

Gregory S. Dowell October 3, 2018 The Tax Cut and Jobs Act (TCJA) eliminated any deduction for entertainment, amusement, or recreation.  What was very unclear following the passage of TCJA, however, was whether meals would remain deductible and, if so, under what circumstances.  Tax practitioners have been waiting for clarification from the IRS and, thankfully,…

Sales Tax and Internet Sales

by Gregory S. Dowell January 31, 2018 Since the consumer’s use of the internet became widespread (a few years after it was invented by Al Gore), one of the thorniest issues has been the taxation of sales that are made over the internet to out-of-state residents.  The Supreme Court has recently agreed to take up…