2020 - Page 8 of 11 - Journal of Accountancy

The magazines

May 15, 2020

IRS posts FAQs on paid COVID-19-related sick and family leave

Employer tax credits for small businesses are provided under the Families First Coronavirus Response Act.

April 24, 2020

Line items

Reconsideration of estate’s penalty abatement yields same result … In-game currency not taxable, IRS clarifies … IRS to step up high-income taxpayer visits

April 24, 2020

Pandemic places accounting, auditing rules in flux

As the coronavirus gripped the world, regulators, standard setters, and others moved to adjust rules and effective dates that are important to businesses, CPAs, and their clients. Meanwhile, CPA Exam candidates will have additional opportunities for testing during an emergency testing period.

April 24, 2020

How auditors can test inventory without a site visit

A few methods are available for providing sufficient appropriate evidence of inventory even if an auditor can’t make a site visit because of the coronavirus pandemic.

April 24, 2020

Sec. 6662(a) penalties require written supervisor approval

The Tax Court rules on when the burden of production regarding written supervisory approval moves to the taxpayer.

April 24, 2020

Failure to file FBAR is not due to reasonable cause

A taxpayer is subject to civil penalties for nonwillful failure, a court holds.

April 24, 2020

When hard times hit staff

Supporting valued staff experiencing losses and hardships can help organizations respond in compassionate ways, while still meeting the needs of the business.

April 24, 2020

Strategic disruption: An expert’s thoughts on moving forward

Rita McGrath, a professor of management at Columbia University’s Graduate School of Business who has written extensively on disruption, foresees changes in business strategy in the wake of the COVID-19 pandemic.

April 24, 2020

COVID-19 pandemic prompts many tax changes

Here are legislative and IRS responses to the coronavirus outbreak.

April 24, 2020

Supreme Court overturns consolidated group tax refund allocation rule

The Court holds the Bob Richards rule exceeds federal courts’ common-lawmaking authority.

March 1, 2020

How to identify and report health care fraud

Health care fraud is an important and complicated challenge for clients. CPAs can be instrumental in helping clients detect, report, and prevent health care fraud.

March 1, 2020