News & Insights: john n evans

TAX ALERT: 2017 FILINGS-WHAT YOU NEED TO KNOW


By John N. Evans  |  January 9, 2017

Due dates for filing of certain tax returns and information returns have been changed - see chart below for more information. 

Tax Alert: New IRS Guidance on the Work Opportunity Tax Credit and Tangible Property Regulations


By John N. Evans  |  March 11, 2015


TAX ALERT: BUSINESS-TRAVEL PER DIEM RATES UPDATED FOR 2015


By John N. Evans  |  November 12, 2014

Effective Oct. 1, IRS Notice 2014-57, 2014–2015 Special Per Diem Rates, updates the per diem rates that can be used for reimbursement of ordinary and normal business expenses incurred while employees travel away from home. It also revises the list of high-cost localities for use in the high-low substantiation method. The per diem rates, which are established by the General Services Administration (GSA), are updated before the end of the federal government’s fiscal year. Some employers elect to use these rates to simplify recordkeeping.

Despite Higher Tax Rates, 'S' Corporations Retain Advantages Over 'C' Corporations


By John N. Evans  |  March 25, 2014

Owners of small, growing businesses face a perennial question: Should the business function as an S corporation, or should the entity revoke its election under Subchapter S of the Internal Revenue Code? Individual tax rates are now generally higher than corporate rates – but that doesn’t mean that it’s an advantage to realize income as a corporation. Tax rates are not the whole story.

This article, “Despite Higher Tax Rates, ‘S’ Corporations Retain Advantages Over ‘C’ Corporations”, by John Evans and Maria Castilla, was originally published in Practical Tax Strategies by Thomson Reuters, December 2013.