LATEST NEWS
Hispanic Heritage month – PIDC event Sept 2025
On September 16, PIDC started the celebrations for the Hispanic
Partnerships – New IRS form for property distributed in 2024, plus bonus on special transactions
The IRS has been putting more focus on partnerships in recent times. Back in June 2024, the IRS
More regulations for digital assets and crypto brokers
From the IRS release in June 2024, there will be more reporting requirements to digital and crypto brokers
IRS increases standard deductions, estate tax exemp, annual gift, etc. due to inflation for 2025
As communicated each year, the IRS has updated some of the deductions, tax exemptions, tax exclusions and other
Cannabis still Schedule I controlled substance – Section 280E applies
The Cannabis industry had some rumors in the last few months on a potential move from Schedule I
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Careful electing your business partners – S Corporation shareholder liable for stolen funds
You need to be extremely careful on how you get in business with. You might end up being liable for ghost income,
Purchasing equipment before year-end?
Purchasing equipment before year-end can provide significant tax benefits due to depreciation rules. Depreciation allows businesses to deduct the cost of equipment
Hiring independent contractors became harder in 2024
We have numerous blog posts on the difference between a) employees and b) independent contractors based on the IRS, Department of Labor