NKSFBTax Insights
Beware Of Potential Tax Issues When Selling Self-Created Intangibles
June 10, 2026
Many modern businesses rely on intangible assets, such as goodwill, trademarks and customer lists. But the IRS doesn’t treat all intangibles the same way. Questions...
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Protect Yourself From Fraudsters Impersonating The IRS And Other Tax Scams
May 27, 2026
Tax scammers continue to target taxpayers through email, text messages, phone calls and regular mail.
Material Participation: Why It Matters For LLP And LLC Owners
April 29, 2026
The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited liability partnership (LLP) or limited liability company (LLC).
IRS Releases Guidance On New Depreciation Deduction
March 20, 2026
A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful Bill Act (OBBBA)
If You Suffered A Disaster, You May Be Eligible For A Casualty Loss Tax Deduction
January 29, 2026
The One Big Beautiful Bill Act (OBBBA), signed into law last year, generally made permanent the Tax Cuts and Jobs Act (TCJA) limitation on the personal casualty loss tax deduction.
A New Year Means New Tax Figures For Individuals
January 13, 2026
Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years).
There’s Still Time To Save 2025 Taxes
December 29, 2025
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax saving ideas by December 31.