Insights

QOF's, created as part of the Tax Cuts and Jobs Act, can create significant benefits to investors. Learn how Cherry Bekaert can guide you.

EIDL loans for nonprofits are considered federal financial assistance and are subject to the Uniform Guidance single audit requirements.

The due dates for tax returns for C corporations with fiscal years ending other than June 30 have changed. The due dates are a month later than in the past.

If you have received or may receive a PPP loan, you should consider how the use of the loan proceeds may impact your ability to take a deduction for certain expenses on your 2020 tax return.

The IRS issued Notice 2019-6 which provides that the requirement to report partners’ capital accounts on the tax basis method will not be effective.

IRS regulations have been released concerning the tax treatment of charitable contributions in exchange for state and local tax credits.

Learn more on the IRS deadline extensions issued April 9, 2020 effecting 1031 like-kind exchanges and opportunity zone investments.

Please note, the due date for filing Form 114, Report of Foreign Bank and Financial Accounts (FBAR), was April 17, 2018.

Key takeaways from the Consolidated Appropriations Act 2020. Learn how these provisions may affect your business or organization.

Learn how Cherry Bekaert can help guide you through IRS Notice 2018-76, which provides guidance on the deductibility of business entertainment meals.