After Battling Through Tax Court, We Saved Our Client $440K.

Tax laws change frequently, with updates impacting the best tax planning practices for businesses across industries. Over the next year, there will be significant changes to tax laws with the sunset of the Tax Cuts and Jobs Act (TCJA) and economic changes in the White House led by the Trump administration. Polston Tax has put together […]

Understanding tax requirements and exemptions for construction is crucial to ensure your project’s financial health and compliance. But your project’s tax picture can get cloudy, changing depending on the nature of the project, your location, the payment structure and other factors. This guide will help you understand how sales tax applies to construction projects, what […]

In some cases, the IRS or state taxing entity will send a request for a tax audit. A tax audit is an assessment done to ensure the financial information you provided in your tax return is correct. All you’re required to do is provide evidence, such as receipts and financial statements, that the information is accurate. So, […]

Have you received a Notice of Intent to Levy, and you are unsure of the next steps? If you have unresolved tax issues and keep receiving letters from the IRS, you aren't alone.

Form 4684 is an IRS form for reporting losses or gains from theft and casualties. According to the IRS, very specific definitions of theft and casualties determine whether you may claim a deduction on business property that was stolen, damaged or destroyed. This guide explores these definitions, what qualifies as a casualty loss deduction and […]