What is the Security Summit?
The Security Summit was established in 2015 after the Internal Revenue Service reported a significant increase in identity theft tax refund fraud scams.…
The Security Summit was established in 2015 after the Internal Revenue Service reported a significant increase in identity theft tax refund fraud scams.…
Employee unauthorized access occurs when an employee illicitly gains access to proprietary information or company-held personally identifiable information and financial data.…
A virtual private network, or VPN, is a third-party service that creates an encrypted connection that can be used to securely access the Internet.…
An intranet, unlike the Internet, is generally a private network that is only accessible to directly connected or credentialed devices.…
Remote desktop connection software, like Microsoft’s Remote Desktop Protocol, is a program that allows users to remotely control another device via a network connection, like the Internet.…
Taxpayers who derive income from a rental real estate enterprise and meet the following requirements may claim the QBI safe harbor outlined in Rev. Proc. 2019-38:Separate books and records are…
Read more about What is the QBI rental real estate safe harbor rule?
The 20 percent QBI deduction is based on qualifying business income from a sole proprietorship, partnership, S corporation, trust or estate, farm, and certain rental property. The amount of the deduction can be further limited if the taxpayer’s income exceeds the inflation-adjusted threshold established for that tax year.…
There are two income thresholds for claiming QBI in tax year 2020:…
Read more about What is the taxable income QBI threshold for 2020?
There are two income thresholds for claiming QBI in tax year 2018:…
Read more about What is the taxable income QBI threshold for 2018?
Taxpayers who have taxable income that is connected to the following types of businesses may qualify for QBI:…
Read more about What types of business income qualify for the QBI deduction?