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Insights

Recent Insights

Article

April 6, 2022

Individual taxpayers must check “Yes” or “No” in response to the Virtual Currency question on IRS Form 1040. Get professional guidance here.

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Podcast

March 30, 2022

30:52

Speakers: Brooks E. Nelson, Sarah McGregor

Cherry Bekaert provides Form 990 reporting professional guidance—highlighting what nonprofit board members should know about taxes and best practices.

Article

March 24, 2022

To capitalize on Infrastructure Bill funding, A&E firms need to develop strategies & action plans to optimize their business & operations. Learn more.

Article

February 28, 2022

IRS releases more guidance for Schedules K-2 and K-3. See if your partnership or S corporation may qualify for this new limited exception to filing Schedules K-2 and K-3.

Article

March 1, 2022

We provide guidance on Beneficial Ownership Information Reporting for Closely Held Businesses. Learn about BOI reporting, who must file a report & more.

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Podcast

February 2, 2022

41:08

Speakers: Brooks E. Nelson, Sarah McGregor

Listen to our podcast to hear about the big events in the tax world during 2021 and the tax trends we expect to see continue in 2022.

Article

January 27, 2022

Learn about the rules of disguised sales of property by a partner to a partnership and the exception for reimbursed preformation expenditures.

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Article

January 6, 2022

See the financial limitations set by the SBA's 8(a) program & how 8(a) owners should manage operations to remain under set limitations.

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Alert

January 10, 2022

Learn how the Tax Cuts and Jobs Act (TCJA) changes the way personal casualty and theft loss are handled.

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Podcast

December 16, 2021

43:58

Speakers: Brooks E. Nelson, Sarah McGregor, Michael Elliot, Barry M. Weins

Listen to our podcast as we discuss 2021 federal guidance and court cases that have an impact on closely held businesses and their owners.