Trisha L. White, CPA
Accounting Services Principal | Rochester Office
507-288-4571
AICPA
MNCPA
American Business Women’s Association
Rochester Area Chamber of Commerce
Rochester Exchange Club
Rochester Public Library Foundation Board
How Trisha got here
- Bachelor of Science in Accounting from University of Wisconsin, River Falls
- Joined the Rochester tax and small business team in 2004 when Smith Schafer merged with Coffman, Nehring
and Christopherson
How Trisha approaches work
“Honesty is the best policy. Providing the professionalism, trust and customized service that each client expects and deserves.”
Related Service Resources
IRS Formally Clarifies PPP Expense Position
The IRS issued Revenue Ruling 2020-27 on November 18th, formally denying the ability to deduct expenses related to PPP forgiveness. In the ruling, the IRS clarified the deduction for PPP expenditures is denied in the period the expenses were incurred (2020), even if the taxpayer waits until 2021 to apply for forgiveness.
Section 179: Minnesota Passes Conformity for 2020
Minnesota passed a bipartisan tax and bonding bill recently that included full conformity for all Section 179 expensing for tax years beginning in 2020. Additionally, the bill included retroactive Section 179 conformity to 2018 for assets acquired in a like-kind exchange.
IRS Resurrects Form 1099-NEC
The filing of 2020 1099 forms will be a bit different compared to years prior. The 1099-MISC Form has historically been used to report payments, including nonemployee compensation, rents, and other income, to the IRS.