San Francisco Tax Preparation / CPA: Wages Not Deductible as Qualified Business Income Deduction (Savage, TC)
The shareholders of S corporations engaged in cannabis sales could not include wages disallowed under Code
San Francisco Tax Preparation / CPA: Streamlined Procedures Provided for Research and Experimental Expenditure Elections and Accounting Method Changes (Rev. Proc. 2025-28)
Revenue Procedure 2025-28 instructs taxpayers on how to make various elections, file amended returns or
San Francisco Tax Preparation / CPA: Married Couple Not Entitled to Plug-In Vehicle Credit Beyond Year of Purchase (Moon, TC)
A married couple was not entitled to claim a plug-in vehicle credit after the year
San Francisco Tax Preparation / CPA: IRS Issues Final Regulations Amending Catch-up Contribution Rules (TD 10033; IR-2025-91)
The IRS issued final regulations implementing the Roth catch-up contribution requirement and other statutory changes
San Francisco Tax Preparation / CPA: Wages Not Deductible as Qualified Business Income Deduction (Savage, TC)
The shareholders of S corporations engaged in cannabis sales could not include wages disallowed under Code
San Francisco Tax Preparation / CPA: Proposed Regs Identify Occupations Eligible for “No Tax on Tips” Deduction, Define “Qualified Tips” (NPRM REG-110032-25)
The Treasury Department and the IRS have proposed regulations that identify occupations that customarily and
San Francisco Tax Preparation / CPA: Streamlined Procedures Provided for Research and Experimental Expenditure Elections and Accounting Method Changes (Rev. Proc. 2025-28)
Revenue Procedure 2025-28 instructs taxpayers on how to make various elections, file amended returns or
San Francisco Tax Preparation / CPA: CA – Wildfire settlements exclusion amended
California has enacted legislation clarifying that the exclusion from gross income for wildfire settlement amounts
San Francisco Tax Preparation / CPA: IRS Issues Final Regulations Amending Catch-up Contribution Rules (TD 10033; IR-2025-91)
The IRS issued final regulations implementing the Roth catch-up contribution requirement and other statutory changes
San Francisco Tax Preparation / CPA: Proposed Regs Identify Occupations Eligible for “No Tax on Tips” Deduction, Define “Qualified Tips” (NPRM REG-110032-25)
The Treasury Department and the IRS have proposed regulations that identify occupations that customarily and
