Dan Warren Promoted to Tax Principal
Crosslin is pleased to announce that Dan Warren has been promoted to principal in the tax department. In this role, he will assume a broader responsibility in leading the Crosslin…
Consolidated Group NOL Regulations Under the Cares Act
The IRS has issued temporary and final regulations to provide guidance on the treatment of net operating losses (NOLs) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and…
Tennessee Community CARES Program for Not-for-Profits
Crosslin wanted to make sure our not-for-profit customers are aware of the Tennessee Community CARES Program, a new aid program that will provide $150 million in direct federally funded aid…
Luxury Auto Depreciation Caps and Lease Inclusion Amounts
If you use your vehicle for business purposes, the Internal Revenue Service allows you to write off some of the vehicle’s cost. By depreciating your vehicle, you deduct a specified…
Guidance for Reporting Qualified Sick and Family Leave Wages
The IRS has released guidance to employers in connection with the requirement to report the amount of qualified sick and family leave wages paid to employees under the Families First…
Did You Miss the July 15 Deadline?
With the extended July 15 deadline passing last week, most taxpayers have either filed their taxes or filed extensions. However, it is not too late if you were not quite…
Educational Savings Plans
If you have young children, you are faced with many rewards and challenges. One of which may be saving for the high cost of a college education. However, there are…
Last Minute Tax Filing Tips
The deadline for filing a 2019 tax return is this Wednesday, July 15. Here are some last-minute tips to make this week easier: Electronic filing is the best optionTaxpayers who…
Follow-Up on Tennessee Business Relief Program Instructions
[Note that this program is limited to smaller taxpayers and to businesses only in certain sectors. Although we are working hard to identify and help our clients who are eligible…
Education Credits
With schools hopefully resuming this fall, parents and students should look into tax credits that can help with the cost of higher education. Credits reduce the amount of tax someone…
