Tax Controversy

In 2018, the U.S. Supreme Court ruled in South Dakota v. Wayfair, Inc., Overstock.com, Inc., and Newegg, Inc. that states can require out-of-state sellers and so-called “marketplace facilitators” to collect sales tax on their behalf. Previously, the rule had been that a seller or facilitator had to have a physical presence in the state before it couldcontinue reading…

If you own a company with interests abroad, you may have wondered if you can take advantage of the lower corporate tax rates some countries have adopted. After all, they’ve often changed their policies and tax rates in order to garner international investment. In the 1980s, for example, Ireland had a 50% corporate tax rate.continue reading…

Now that the Tax Cuts and Jobs Act is fully in effect, let’s take a look at some common tax problems you may be facing as a contractor or “gig economy” worker.  Failure to pay quarterly estimated taxes Generally, people who are self-employed or work as contractors need to pay quarterly estimated taxes. Yet the gig economycontinue reading…

When the government accuses you of a crime, sometimes it seizes any and all property it believes is tied to that crime. This process is called “civil asset forfeiture.” When money and assets are seized, it becomes the taxpayer’s burden to prove that they were not involved in or the proceeds of criminal activity —continue reading…

Minnesota officials charged a former co-op manager of using business funds to bankroll personal expenses. The government has accused the manager of using his position within the business to gain loans from banks to pay for elaborate hunting trips, real estate purchases and other personal expenses. In addition to wrongly using the funds, the accusedcontinue reading…