Corrections & Clarifications


  In the January 2011 issue, the “Filing Season Quick Guide—Tax Year 2010” misstated the first-time homebuyer credit for some married taxpayers. It should have said the credit is $4,000 for married taxpayers filing separately.

 

  The February 2011 article “Tax Practice Corner: Multistate Tax Considerations for S Corporations” listed Louisiana among states that “tax S corporations in the same manner as C corporations.” However, Louisiana allows an S corporation to exclude from taxable income the percentage of its net income on which its shareholders have paid Louisiana taxes.

 

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VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.