Featured Articles
2018 tax software survey
To get through the rigors of tax season, CPAs depend on their tax preparation software. Here’s how they rate the leading professional products.
Latest News
The receipt and redemption of rewards program points: Tax and reporting implications
The taxation of frequent flyer miles and other points taxpayers receive from rewards programs is a vexing problem, involving questions of timing, amount, and reporting of income.
Newsletter Articles
Tax Clinic
Another look at C corp. vs. S corp. in light of tax reform
Interest recharacterization rules for ‘self-charged interest’
Inventory accounting for cannabis businesses: Sec. 280E and the impact of tax reform
States’ workarounds to the state and local tax deduction limitation
Withholding requirement on sale of partnership interest by foreign partners under the TCJA
SPONSORED REPORT
States look to unclaimed property for revenue
State audits of abandoned and unclaimed property (AUP) have exploded in recent years. This report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.
DEDUCTIONS
Understanding the new Sec. 199A business income deduction
The new deduction allows certain business owners to keep pace with the significant corporate tax cut provided by the Tax Cuts and Jobs Act.