Marcum's Tax Compliance group provides a wide array of tax reporting services for corporate and non-corporate clients. This group of professionals understands the ever-changing tax laws and regulations and can assist clients in maintaining tax reporting obligations.
The Group's members have extensive experience in tax return preparation and are skilled with various tax preparation software systems. The members pursue varying continuing education courses to stay current in tax issues affecting their clients, including attending both national and local tax seminars.
Among the compliance services available through the Tax Compliance Group are:
- Preparation of individual (Form 1040) and state and local tax returns.
- Preparation of Form 1120 (regular corporation), 1120F (foreign corporation ), 1120S (S corporation), 1065 (partnership and LLCs).
- Preparation of consolidated corporate tax returns.
- Preparation of state and local returns on a stand-alone or combined basis.
- Preparation of various forms for trusts, estates and gifts.
- Preparation of various forms for tax-exempt entities and private foundations.
- Preparation of various foreign information forms including Forms 926, 3520, 3520-A, 5471, 5472 and TD F 90-22.1.
- Preparation of various forms for foreign persons’ U.S. source income including Forms 1040NR, 1042, 8804, 8805 and treaty positions.
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July 15, 2019
Tax Return Compliance
Refresher on What is a Real Estate Professional and the Importance of Time Logs
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July 08, 2019
Trusts & Estates
Tax Benefits of Implementing a Retirement Plan or Upgrading Your Current Plan
Looking for deductions to lower your tax bill for your small business? Consider the tax benefits of implementing a retirement plan or upgrading your ....
June 10, 2019
Tax Flash - Nonprofit & Social Sector
The Impact of the TCJA on Charitable Organizations
Many sources are predicting that charities may see a substantial difference when individuals start filing their 2019 returns as individuals become more familiar with potential ....
April 10, 2019
As Seen In
NBC Connecticut interviewed Tax Partner Michael Maksymiw, Jr. for a story about options available to taxpayers who haven't yet filed their 2018 tax returns.
People who have yet to have their taxes prepared may have a tough time finding an accountant to help at this late date.
April 10, 2019
As Seen In
Best Company quoted Boston Office Managing Partner Douglas Farrington in an article about tax extensions.
Tax Day, April 15th, is fast approaching. If you're a procrastinator, don't have all of your documents ready, or won't have time to file your ....
April 05, 2019
As Seen In
CBS Evening News featured National Tax Leader Joseph Perry discussing the complexities of the 2018 tax filing season.
Accountant Joe Perry calls this the Super Bowl for accounting firms because you have to be a pro to figure all this out.
March 27, 2019
Tax Flash
IRS Gives Taxpayers Greater Relief from Penalties for Underpayment of Estimated Taxes
The IRS has issued additional relief from penalties on those taxpayers who have underpaid their 2018 income taxes.
March 15, 2019
As Seen In
PYMNTS.com quoted Philadelphia Tax Partner-in-Charge Edward Reitmeyer in an article about the critical role CPAs play in helping small businesses compute their tax liability under the new tax rules.
With the first tax season post-tax reform nearing completion in the U.S., the small business accounting sector has seen even more evidence that the advisory ....
March 06, 2019
As Seen In
CNBC interviewed Tax Partner Robert Spielman about last-minute tax strategies for 2018.
Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone.
March 04, 2019
Tax Flash
No More Parking Expense Deduction?
The qualified transportation fringe benefit companies provided to their employees is one of the expenses that generally has been eliminated (IRC Section 274(a)(4)).
March 04, 2019
Marital Dissolution
The Effect of the 2019 Tax Law on Divorce
The Tax Cuts and Jobs Act of 2017 modified the treatment of alimony payments.
February 25, 2019
Tax Return Compliance
New Depreciation Rules Could Mean More Passenger Vehicles for Business Use
Tax season is upon us, and with it invariably come over-the-top car commercials exhorting businesses to take advantage of the opportunity for a write-off.
February 20, 2019
Tax Flash
Maryland Taxes Single Member Limited Liability Company
On January 17, 2019, the Maryland Tax Court ruled that multiple single member LLCs were subject to the 8.25% nonresident tax on income allocable to ....
February 18, 2019
Trusts & Estates
Fiduciary Income Tax Planning Utilizing the § 645 Election
Given the possibility of having to file an income tax return for both the estate and the trust, a unique opportunity presents itself to utilize ....
February 18, 2019
Tax Compliance
A New Tax Credit Based on an Old Law
Since the Family and Medical Leave Act was enacted in 1993, employers have been required to provide employees with temporary leave, up to 12 weeks, ....
February 13, 2019
As Seen In
Bloomberg Markets Radio invited National Tax Leader Joseph Perry onto the program to discuss the 2019 tax season.
Bloomberg Markets Radio invited National Tax Leader Joseph Perry onto the program to discuss the 2019 tax season.
February 13, 2019
As Seen In
CNBC's Worldwide Exchange invited National Tax Leader Joseph Perry to discuss the new federal cap on the deduction of state and local taxes and its impact on residents of high-tax states.
Joseph Perry, National Tax Leader of Marcum, discusses the big changes individuals should be paying attention to when they do their taxes this year, and ....
February 06, 2019
As Seen In
Associated Press quoted National Tax Leader Joseph Perry in an article about new limits on business deductions for small businesses.
As small business owners compile their income tax returns, they'll confront some of their losses from the new tax law: popular deductions that have disappeared ....
February 05, 2019
As Seen In
MarketWatch quoted Tax & Business Services Leader Joseph Perry about the lack of IRS guidance on the new tax law, which is complicating on-time filing for individual taxpayers.
Americans are still making sense of the Tax Cuts and Jobs Act, the largest tax-law reform in 30 years. The TCJA was enacted in December ....
February 01, 2019
As Seen In
The New York Times quoted Maury Cartine, partner-in-charge of New York City Tax & Business Services, in an article about the complexities of taxing the wealthiest Americans.
Taxing the wealthiest Americans at a higher rate may be good politics, since most voters won't be affected. But while two recent proposals sound simple ....
January 15, 2019
As Seen In
Bloomberg quoted Edward Reitmeyer, Mid-Atlantic Regional Partner-in-Charge of Tax & Business Services, on the absence of final IRS rules, due to the government shutdown.
The longest government shutdown in U.S. history could cause tens of thousands of businesses to make a tough choice about whether to claim one of ....
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The Marcum 2018 Year-End Tax Guide continues our tradition of providing timely tax guidance for the upcoming year.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
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