Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

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Uh-Oh; I Got an Audit Notice from the IRS. Now What?

If you receive an audit notice from the IRS, do not panic.  Just breathe! Read the letter in its entirety to see what they are auditing.  In many cases, it’s a great idea to hire a tax representation...

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Is Your Business Entitled to Tax Relief for Contract Workers?

If your business has been selected for an employment tax examination to determine whether you correctly treated certain workers as independent contractors, you may be entitled to Internal Code...

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2019 Tax Planning Strategies Before Year-End

With year-end approaching, now’s the time to take steps to cut your 2019 tax bill. Here are some year-end tax planning strategies to consider, assuming next year’s general election doesn’t result in...

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Understanding the Foreign - Derived Intangible Income Deduction (FDII)

By Howard Bakrins, Tax Director, Kutchins, Robbins & Diamond, Ltd. Previously published in the GGI International Tax Autumn 2019 Newsletter.

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Final Regulations on Charitable Contributions and State and Local Tax Credits

This June, the U.S. Department of the Treasury and the IRS issued final regulations that require taxpayers to reduce their charitable contribution deduction by the amount of any state or local tax...

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Small Employer Pension Plan Start Up Costs

If you’re a newly established or recently acquired business, or a business that took several years to become profitable, now may be the time to put more money into employee benefit plans like a...

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