The Association of International Certified Professional Accountants released a policy paper urging global solutions to the tax treatment of transactions in the digital economy, emphasizing its own Guiding Principles of Good Tax Policy.
IRS guidance clarifies what it means to claim a personal exemption deduction.
The IRS is proposing to remove regulations on advance payments and long-term contracts to reflect amendments to Sec. 451 included in the law known as the Tax Cuts and Jobs Act.
The IRS issued guidance on the deductibility of meal and entertainment expenses after the modification of Sec. 274 by the TCJA.
New $10,000 limit is attacked on constitutional and state sovereignty grounds.
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.