Thought Leadership

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Congress Aims to Protect Taxpayers Through IRS Reform

The U.S. Senate has passed a broad package of reforms aimed at the IRS, which President Trump is expected to sign into law. The Taxpayer First Act contains several new protections for taxpayers, along with provisions intended to improve the IRS’s customer service, among other things.

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Income Tax Forms

2019 Q3 Tax Deadlines Calendar

To help ensure you don’t miss any important Q3 deadlines, we’ve provided a summary of when various tax-related forms, payments and other actions are due. Contact us to find out how Weaver can help your company.

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Hiring This Summer? You May Qualify for a Valuable Tax Credit

Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The maximum credit employers can claim is $2,400 to $9,600 for each…

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C to S Corporation Valuation Method Gains Acceptance in Kress v. U.S.

A recent decision from the United States District Court – Eastern District of Wisconsin appears to endorse the appraisal approach of tax-affecting the earnings of an S corporation. In March 2019, Chief Judge William C. Griesbach issued an important verdict in Kress v. United States, a case that…

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Will FASB Require More Detailed Expense Reporting?

Investors often can’t get sufficient information about a company’s future cash flows because expense information is too dense, according to recent discussions by the Financial Accounting Standards Board (FASB). An ongoing FASB project aims to make the income statement more useful to those who read…

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