Tax Law Insights
11.21.2019 | by:
Erik P. Doerring
The South Carolina Department of Employment and Workforce (SCDEW) administers the South Carolina unemployment benefit program for state residents, and which is funded by a…
11.5.2019 | by:
Jeffrey T. Allen
South Carolina state tax liens were previously recorded each county’s register of deeds, register of mesne conveyance, or clerk of court (i.e. in the same…
10.9.2019 | by:
Jonathan H. Nason
Generally, a 403(b) plan is a retirement planning program whereby a public school or tax-exempt 501(c)(3) organization (including churches) makes contributions for their employees (and…
09.30.2019 | by:
Debra Lee Mackey
The Treasury Department and the Internal Revenue Service (collectively referred to hereafter as “IRS”) on September 23, 2019 published the final regulations on hardship distributions,…
08.29.2019 | by:
Erik P. Doerring
The Fixing America’s Surface Transportation (FAST) Act, signed into law December 4, 2015, created new Internal Revenue Code § 7345 which requires the IRS to…
08.26.2019 | by:
Christian W. Borek
Section 461(l) of the Internal Revenue Code (“IRC” or “Code”) provides that a taxpayer other than a C corporation is not allowed to deduct “excess…
08.22.2019 | by:
Jeffrey T. Allen
Spouses who file a joint income tax return are both jointly and severally liable for the taxes associated with the return, both federally and at…
08.19.2019 | by:
Erik P. Doerring
President Trump signed the “Taxpayer First Act”, H.R. 3151, into law on July 1, 2019. The Taxpayer First Act may be one of the most…
08.5.2019 | by:
J. Allen Sullivan Jr.
Christian W. Borek
The IRS issued guidance in 2014, through Notice 2014-21, on how to report income from virtual or “crypto” currency transactions. The IRS has since developed…
07.29.2019 | by:
Erik P. Doerring
With the adoption by Congress of the 2018 Farm Bill, which decriminalized the cultivation and growing of industrial hemp and related products, states now, including…
