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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Could You Save on Taxes with a QOZ Investment?

The Tax Cuts and Jobs Act created a new tax incentive to defer (and possibly even eliminate) capital gains taxes by investing in a Qualified Opportunity Zone (QOZ). 

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Tax Breaks for Charitable Giving

You probably know that you can get an income tax deduction for a gift to a charity. But there is a lot more to charitable giving. For example, you can benefit a family member and a charity at the...

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