Tax News
Getting ASC 740 Right: Avoiding Costly Tax Reporting Mistakes
Missteps in ASC 740 income tax accounting can lead to financial restatements, investor distrust, and business disruption. This white paper breaks down the complexities of ASC 740 and offers practical strategies to reduce tax risk and improve financial transparency. By...
You Have Options, Now Hiring Tax Senior!
Join our award-winning business tax specialty team! As a Tax Senior at TaxOps, you will play a collaborative role in contributing to the federal tax practice. TaxOps, founded by former Big Four tax executives, is a forward-thinking tax specialty and business...
Resolving Double Tax Trouble in Rerouted Shipments
If your business allows customers to change shipping addresses after placing an order, be prepared to credit and rebills on the original transaction or invoice based on the revised destination to avoid double taxation and audit nightmares. By Judy Vorndran In online...
Multistate Partnerships CPE
Join Partners Stacey Roberts and Meredith Smith at TaxOps for upcoming CPE on navigating various state taxation rules of corporate partners. Multistate Partnerships: Navigating Various State Taxation Rules of Corporate Partners Thursday, August 7, 2025 | 11:00 - 12:50...
Opportunities and Confusion in Illinois Tax
In this episode, we continue our conversation with Dave Kupiec, CPA, JD, and Natalie Martin, JD, of Kupiec & Martin, LLC, for a deep dive into Illinois tax law. We break down the often-overlooked Illinois franchise tax—a complex and frequently misunderstood area of state taxation. We explore how this tax impacts businesses, particularly during audits in Chicago and Cook County, and highlight the hidden risks that can catch taxpayers off guard.
IRS Enhances Pre-Filing Agreement Program to Support LB&I Taxpayers
The IRS updated its Pre-Filing Agreement program to help large businesses resolve tax issues early and reduce audit risk. Key changes include a streamlined process and new tools for eligibility and documentation. The Internal Revenue Service (IRS) has made...
Future of Mental Fitness: TaxOps Steps Into Lumena’s MindGym
TaxOps had the incredible opportunity to step inside the future of mental fitness at Lumena in Denver. From immersive fitness training to cutting-edge biosensor tech, MindGym’s experience is unlike anything we've seen—blending neuroscience, innovation, and purpose....
Business Playbook 2025: Seizing Opportunities in the OBBBA Era
From reinstating 100% bonus depreciation to reshaping international tax rules, the OBBBA has opportunities for strategic tax planning. Whether you're investing in R&D, expanding globally, or managing interest deductions, 2025 tax reform could significantly impact...
Make the Move: Federal Tax Manager
As a Federal Tax Manager at TaxOps, you’ll lead strategic engagements, mentor top talent, and help clients navigate sophisticated tax challenges—especially in flow-through entities and ownership structures. TaxOps is a boutique business tax firm of specialized...