[{"articleAbstract":"A limited liability company can elect to be classified as a corporation and elect S status by following the procedures discussed here.","articleByline":"Editor: Linda Markwood, CPA","articleTitle":"Electing S status by an LLC","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/apr/electing-s-status-llc"},"sortDate":"2020-04-01T05:00:00.000-04:00"},{"articleAbstract":"The IRS finalized the rules for maximum vehicle values under the cents-per-mile valuation rule and the fleet-average valuation rule after the TCJA increased those values to $50,000, adjusted for inflation.","articleByline":"By Sally P. Schreiber, J.D.","articleTitle":"IRS regulations update maximum vehicle values","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2020/apr/irs-maximum-vehicle-values"},"sortDate":"2020-04-01T05:00:00.000-04:00"},{"articleAbstract":"The $2 trillion stimulus bill, which passed the Senate by a 96-0 vote late on Wednesday, contains many tax provisions. Here’s a look at the tax items, which range from credits to temporary changes to retirement plan rules.","articleByline":"By Alistair M. Nevius, J.D.","articleTitle":"CARES Act tax provisions aim to stabilize pandemic-ravaged economy","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/news/2020/mar/cares-act-economic-relief-coronavirus-tax-provisions"},"sortDate":"2020-03-27T13:30:00.000-04:00"},{"articleAbstract":"Practitioners welcomed the IRS’s deferral of income tax returns and payments due April 15 for another 90 days but have many questions about related issues.","articleByline":"By Paul Bonner","articleTitle":"Practitioners seek further clarity on tax filing, payment delay","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/news/2020/mar/tax-practitioners-seek-clarity-filing-payment-delay-23261"},"sortDate":"2020-03-23T18:07:17.000-04:00"},{"articleAbstract":"The IRS announced the postponement of the April 15 federal income tax filing deadline until July 15. Friday’s notice expands on earlier guidance that had only postponed tax payments but not the filing deadline.","articleByline":"By Alistair M. Nevius, J.D.","articleTitle":"IRS provides guidance for April 15 filing delay","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/news/2020/mar/irs-april-15-filing-delay-guidance-coronavirus-23247"},"sortDate":"2020-03-21T11:27:57.000-04:00"}]