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Fazzio Law Offices

Tax Law and Foreclosure Law Blog

Our blog is where we provide advice, present client tips, and talk about the latest legal news in the area and across the nation.


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6/26/2018
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States Seize on Ruling and Grab to Tax Online Sales

After the decision in Wayfair v. South Dakota, states are scrambling to pass their own nexus laws, styled after the S.D. law that taxed online sellers.

Category: Tax

6/26/2018
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Etsy & eBay Sellers Uncertain of Future After SCOTUS Ruling

The Wayfair v South Dakota S.Ct. ruling disproportionately affects small online sellers on sites like eBay and Etsy, creating burdens and barriers to entry.

Category: Tax

6/24/2018
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Landmark S. Ct. Case Allows States to Tax Online Sales

In Wayfair v. South Dakota, in an opinion by Justice Kenned, the Supreme Court overruled Quill and discarded the "physical presence" test for sales tax online.

Category: Tax

6/19/2018
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Place Your Bets! Legal Sports Betting Comes to NJ

NJ has adopted legalized sports betting at various NJ hotels and racetracks. NJ is taxing sports betting revenues and has turned down integrity fees.

Category: Tax

6/19/2018
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Lawn Mowing Tax in Kentucky, Advent of Sales Tax on Services

Sales Tax on services is a growing trend across a variety of states to reinforce lagging state revenues.

Category: Tax

6/19/2018
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Seattle Repeals “Amazon Tax” Amid Pressure

After Seattle issued a "head tax" on Amazon workers, the Company fought back with the No Tax on Jobs Campaign and a showdown ensued leading to repeal.

Category: Tax

6/10/2018
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The IRS is Running on Fumes… IRS Chief Doubles Down on Tech

Underfunded IRS is getting a small boost from Congress and plans to devote resources to tech initiatives

Category: Tax

6/10/2018
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The Blue State Tax Exodus: Fleeing Businesses Cry

Businesses are leaving New York, New Jersey and Connecticut for FL/TX in record numbers due to the high tax burden... and especially the wealthy.

Category: Tax

6/10/2018
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Taxing Jobs in Cali? What does Siri think About Google Tax?

Cities are proposing "head taxes" on tech start-ups... from Mountain View and Cupertino to San Francisco and Palo Alto... Google, Amazon, and Apple.

Category: Tax

6/3/2018
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The IRS Announces Plans to Squash SALT Tax Workarounds

The TCJA limits deductions for state and local ("SALT taxes") to $10,000, and State's with heavy property tax are clamoring for a workaround, but IRS says NO.

Category: Tax

6/3/2018
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Making Charitable Gifts Without Giving Away Big Tax Breaks

Charitable donations must be handled carefully, with receipts, acknowledgments, value statements, and corresponding bank statements carefully recorded.

Category: Tax

6/3/2018
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New Tax Law Is No “Gift” for Charities

A combination of an increased standard deduction and a widespread repeal of itemized deductions will lead to substantial reductions in charitable giving.

Category: Tax

6/3/2018
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Sports Entertainment Strikes Out Under the New Tax Bill

Entertainment business expenses, long a favorite of large companies and their concierge services for clients, were on the chopping block.

Category: Tax

6/3/2018
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The Music Mogul – a cautionary tale for hobby losses

Many businesses don't make money, but when does a business become a "hobby" for which associated expenses are not deductible?

Category: Tax

5/28/2018
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Taking a Healthy Medical Deduction in 2018.

2018 provides a great chance to reduce AGI through various techniques while getting more medical deductions covered for a healthy chunk of savings.

Category: Tax

5/28/2018
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The Producer – a cautionary tale for travel expenses

Project-based businesses come with unique challenges, but if you keep good records and justify the business use for various activities, you avoid overpaying.

Category: Tax

5/28/2018
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The Bodyguard – A cautionary tale for unreimbursed expenses

Employees and small-business pass-through owners should know what expenses are deductible and what aren't... the rules are complex, but mistakes are costly.

Category: Tax

5/28/2018
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Amazon Tax Proposed in New Zealand… “Coming to America?”

Sales tax rules are changing and Kennedy and Gorsuch plan to expand the ability of states to tax online sales when sellers have no physical presence--be ready.

Category: Tax

5/21/2018
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Expert Cyber-Fraud Defense Tactics You Need Now

Cyber-fraud and other forms of business-targeted fraud are at all time highs--75% of companies will be impacted in 2018--are your systems safe and secure?

Category: Tax

5/21/2018
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Unlock Colossal Savings on Private School (K-12) Sec 529s

Utilizing the New Sec. 529 saving rules by making maximum contributions and doing smart college (and pre-college) planning can reap huge dividends and savings.

Category: Tax

5/21/2018
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Sure-Fire Secrets to Profiting From the Gig Economy

Postmates, Doordash, Turo, Homeaway, Boatbound, Turning Art, Parkingpanda, Closet Collective, Grubhub, Instacart, Amazon Flex, TaskRabbit, Dolly... and more!

Category: Tax

5/15/2018
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Getting the IRS Off Your Back When You Can’t Pay Diddly Squat

Getting IRS to Put You on Currently-not-Collectible Status

Category: Tax

5/15/2018
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The #1 Student Loan Landmine to Avoid in 2018

Paying Off Student Loans Without Getting Snared

Category: Tax

5/15/2018
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$37,000 401(K) Tax Saving Strategy

How to Reduce Your Taxable Income by $37,000 Without Going Back to School

Category: Tax

5/8/2018
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Beware of the 80% Cap on Net Operating Losses (“NOLs”)

NOLs get an overhaul under the TCJA that savvy business taxpayers should watch out for.

Category: Tax

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