The Tax Court finds a payment was for repudiated joint venture interests, not future income.
Advertisement
The magazines
Taxpayer advocate reports on IRS COVID-19 challenges
National Taxpayer Advocate Erin Collins assesses the IRS’s response to the coronavirus pandemic.
Individual mandate payment is a priority debt in bankruptcy
A bankruptcy court applies the Supreme Court holding that the payment is a tax, not a penalty.
Becoming a fraud fighter
CPAs can take steps to minimize the danger in a time of heightened fraud risks.
Tax consequences of data breaches and identity theft
Losses are not likely deductible by individuals through 2025, but the receipt of free identity protection services may be nontaxable.
Dock can help cure home office blues
A look at applications, gadgets, and other technology that can improve a CPA’s job and life.
Risk alert: COVID-19 and the return to work
A workplace safety plan amid the pandemic requires unique considerations.
Barrett Simonis, CPA
Holding a leadership conference for college students can help firms build valuable relationships and aid in recruiting, according to Barrett Simonis, CPA.
Like-kind exchanges are now clearer
Proposed regulations address post-TCJA Sec. 1031 transactions.
Spotting fraud during the bankruptcy process: Top red flags
CPAs will need to be vigilant to see these warning signs of fraud as post-pandemic bankruptcies begin to rise.
Nonwillful penalties are assessed per FBAR form, not per account
The holding by a district court in the Fifth Circuit conflicts with a case moving through the Ninth Circuit.
Using LEFT, MID, RIGHT to dissect Excel cells
It is very easy to dissect the contents of a cell in Excel using the functions LEFT, MID, and RIGHT. All three functions are easy to learn.
CPA Exam’s top scorers earn Elijah Watt Sells Award
One hundred thirty-seven CPA candidates received the AICPA’s 2019 Elijah Watt Sells Award, which was established in 1923 to recognize outstanding performance on the CPA Exam.
Answering 7 questions about remote work
Months after COVID-19 forced most accountants to work remotely, we answer questions on how to optimize working conditions at home.
Discussion of TCJA’s impact on small business wins JofA’s best article award
Nathan Clark, a partner with Dixon Hughes Goodman LLP in Charlotte, N.C., and a member of the AICPA Tax Methods & Periods Technical Resource Panel, received the JofA’s Lawler Award for the best article of 2019.
Using the Excel Camera tool
You can use Excel’s Camera tool to add images of Excel tables, charts, ranges, and single cells to your dashboard.
Slott and Thies receive PFP honors
Ed Slott received the Sidney Kess Award for Excellence in Continuing Education, and Zach Thies received the P. Thomas Austin Personal Financial Planning Scholarship.
Time to consider a Roth conversion
A qualified rollover contribution to a Roth IRA or an in-plan rollover to a designated Roth account, known as a Roth conversion, can be attractive for CPA advisers’ clients because it provides a higher net present value of cash flow from their retirement savings, benefiting themselves or their beneficiaries.
Standing Ovation program recognizes CPAs for contributions to PFP and IMTA
Eleven young CPAs received Standing Ovation awards, which recognize professional achievement in personal financial planning (PFP), business valuation, and forensic accounting, and in information management and technology assurance (IMTA).
Ask the expert: Technology
Ben Richmond is a chartered accountant and U.S. Country Manager at Xero, where he is responsible for driving Xero’s growth in the region.