2015 - Page 12 of 22 - Journal of Accountancy

The magazines

July 1, 2015

Filing within 60 days before the assessment period ends

A special rule gives the IRS an extra 60 days to assess tax.

July 1, 2015

Hold that line

The number of taxpayer phone calls answered by the IRS dropped significantly during the 2015 tax season from the previous year, and call wait times were up, according to an interim report by the Treasury Inspector General for Tax Administration.

July 1, 2015

Internet Explorer: I’d like to open a tab

Q: Is it possible to get my Internet Explorer browser to open multiple tabs at the same time?

July 1, 2015

Microsoft Word: Word jump

Q: Is there a way to jump a specific number of pages forward or backward in a large Microsoft Word document?

July 1, 2015

Transfer taxes: 5 questions to ask clients with international ties

Planning to lessen estate, gift, and generation-skipping transfer taxes increasingly requires considering clients’ foreign connections.

July 1, 2015

Belicia Cespedes: A CPA at 17

Discipline and determination pay off for California teenager Belicia Cespedes.

July 1, 2015

Court rejects ‘in-substance’ small-partnership argument

A partnership with a passthrough partner owning a 0.02% partnership interest is ineligible for the small partnership exception under the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA).

July 1, 2015

68% of Americans with student loans are unhappy with how they financed college

If they had to do it all over again, the majority of Americans would have paid for college differently, a new AICPA survey finds.

July 1, 2015

FASB proposal addresses prepaid card breakage

If approved, a narrow-scope exception to liabilities guidance would be provided.

June 1, 2015

Americans’ financial condition on the rise

Falling oil prices and lower taxes are decreasing stress on personal budgets.

June 1, 2015

Retail buildings placed in service before being open for business

Building materials and supplies stores were ready and available to perform their assigned function.

June 1, 2015

No Sec. 199 deduction for these activities

The IRS Large Business & International (LB&I) Division issued guidance to its employees listing activities performed “at the retail level” that it said do not produce property that is “manufactured, produced, grown, or extracted,” as defined by Regs. Sec. 1.199-3(e).

June 1, 2015