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Alternative Minimum Tax Calculations
The alternative minimum tax (AMT) was enacted back in 1969 to ensure high-income individuals do not take advantage of multiple tax breaks and avoid paying federal tax.
Transportation Industry: Navigating Nexus
Transportation companies should carefully consider sales and use tax nexus issues.
Businesses Will Celebrate Tax Cuts in the New Tax Year
Most businesses will receive a big tax cut starting with their 2018 tax years, thanks to the new law enacted on December 22, 2017.
5 Important Tax Items Before Year-End Presentation
Smith Schafer Senior Tax Manager, Dianna Streed, presented at Red Wing Area Chamber of Commerce’s Lunch & Learn Seminar on December 20, 2017.
Year-End Strategies & Tax Bill Highlights
Major tax changes are on the way for both individual and business taxpayers.
IRS Increases Annual Gift Tax Exclusion for 2018
The IRS has announced the annual gift tax exclusion is increasing next year due to inflation.