The Supreme Court’s decision on sales tax collection could give smaller companies that rely on in-store sales a better chance to compete with virtual retailers.
The U.S. Supreme Court on Thursday held that states can assert nexus for sales and use tax purposes without requiring a seller’s physical presence in the state.
The IRS announced that it was withdrawing temporary regulations on the treatment of partnership liabilities for disguised-sale purposes and proposing to reinstate the old rules.
The AICPA sent a letter to the IRS with recommendations for items of tax guidance that should be priorities for the Service to issue from July 1, 2018, to June 30, 2019.
Tax practitioners usually get to enjoy some down time during the summer. But this year summer may be a little more hectic than usual thanks to the changes brought about by tax reform.
Learn about a few of the many valuable planning opportunities you can uncover when reviewing a client’s tax forms.
The IRS released a draft Form W-4, Employee’s Withholding Allowance Certificate, and its instructions, for individual taxpayers to use to determine their income tax withholding for 2019.
Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.
The Tax Court holds that the treaty provisions apply to tribes, not individuals.
A new TQA discusses taxes on partnership income.
Retain an all-star staff by providing employees exceptional on-the-job experiences.
A doubled estate/gift tax exemption makes policies less necessary, while more favorable basis rules decrease gain on their sale.
The Tax Court holds that writing checks from funds distributed is not a transfer of an account interest incident to divorce.
Middle-income taxpayers are more likely to have a greater benefit than before.
The Tax Court denies the taxpayers' claimed loss on the sale of their former home followed by an exclusion of cancellation-of-debt income.
Survive IRS scrutiny of this potentially valuable arrangement.
IRS to shut down OVDP ... Longer carried interest holding period includes S corporations ... Coinbase notifies customers of IRS summons compliance
Annette Nellen, CPA, CGMA, Esq., chair of the AICPA Tax Executive Committee, outlines federal, state, and local tax obligations for clients involved in sharing economy activities.
The comments were prompted by new questions that have emerged about how the tax rules apply to virtual currency transactions since the AICPA first submitted comments.
The IRS issued guidance on the standard mileage rates and depreciation limits that were changed by the Tax Cuts and Jobs Act.