Change does not apply to 501(c)(3)organizations.
The TCJA’s higher standard deduction makes before-tax giving more attractive.
'Reliance' regs., other guidance cover many questions about the TCJA's 20% deduction for noncorporate entities.
A married couple can avoid the partnership filing requirements for a business they co-own by electing to be treated as a qualified joint venture.
Theodore J. Sarenski, CEO and president of Blue Ocean Strategic Capital LLC, received the AICPA's Sidney Kess Award for Excellence in Continuing Education.
The Ninth Circuit overrules the Tax Court a second time in a transferee liability case.
Trust and estate administration expenses still deductible under the TCJA ... Preparer due-diligence regs. to be updated for TCJA
The Tax Cuts and Jobs Act shut down net losses on a Schedule C from wagering as a trade or business. Find out how the stakes have changed.
The IRS issued its annual update of the special per-diem rates for business travel away from home from Oct. 1, 2018, through Sept. 30, 2019.
The IRS released guidance on the new Sec. 45S tax credit for employers that provide paid medical and family leave.
The IRS announced that it is extending tax deadlines starting Sept. 7, 2018, until Jan. 31, 2019, for eight counties in North Carolina.
The IRS issued proposed regulations implementing Sec. 951A’s global intangible low-taxed income provision, which requires a US shareholder of a controlled foreign corporation to include this income in the shareholder’s gross income.
A second taxpayer's captive fails to qualify as an insurance company.
The Tax Court declines to create a precedent and allow an individual S corporation shareholder to unilaterally and retroactively revoke the corporation's election.
States asserting nexus for sales taxes now have freer rein.
While tax planning opportunities associated with the law may be a windfall to a CPA firm’s bottom line, vulnerability to professional liability claims exists.
Sonja E. Pippin, associate professor in the Department of Accounting and Information Systems at the University of Nevada, Reno, received the JofA's Lawler Award for the best article of 2017.
Cash held by a couple's son as their nominee tipped their balance sheet to positive, the Tax Court holds.
Allocation of certain expenses between personal and rental use may need to change under the law known as the Tax Cuts and Jobs Act.
Tax Court cases evaluate the nine-factor test in Regs. Sec. 1.183-2 for determining when losses may be deducted.