FEATURED ARTICLES
The kiddie tax and unearned income from scholarships
This article reviews how some scholarships might be considered taxable income to a student.
Latest News
The cost of deferred revenue
This article discusses the treatment of unearned revenue from a financial accounting and tax point of view and how unearned revenue can affect the seller and the buyer in an M&A transaction.
Newsletter Articles
Tax Clinic
BBA audit regime affects buyers and sellers of partnership interests
Determining what is a separate trade or business for Sec. 199A purposes
Foreign corporations may not receive audit protection for accounting method changes
Tax reform’s impact on pension trusts and tax-exempt organizations in trust form
TECHNOLOGY
Among CPA tax preparers, tax return preparation software generates often extensive and ardent discussion. To get through the rigors of tax season, they depend on their tax preparation software. Here’s how they rate the leading professional products.
DEDUCTIONS
Qualified business income deduction regs. and other guidance issued
The package includes final regulations, guidance on how to calculate W-2 wages, a safe-harbor rule for rental real estate businesses, and new proposed rules on the treatment of previously suspended losses.