Common Income Tax Accounting Pitfalls
This article highlights a few ASC Topic 740, Income Taxes, tax matters companies have missed or overlooked in tax provisions.
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Brexit: Major Tax Changes for Global Businesses
Many areas of shared tax law and practice may be affected, including indirect and direct taxes.
Phishing Scams Target Tax Professionals
A new scam takes the form of an email pretending to be from the practitioner’s tax software provider.
Form 8332 Challenges for Divorced Couples
When parents divorce without a meeting of the minds or a well-crafted agreement, issues can result as to who is entitled to the tax benefits from supporting their children.
New Partnership Audit Procedures Will Have a Profound Impact
Changes in the the Bipartisan Budget Act of 2015 are a departure from how partnerships have been treated for federal income tax purposes.
The Cadillac Tax: How to Address Questions Your Clients May Have
Many business decision-makers will have questions about whether the tax applies to them and whether it can be avoided altogether.
Back to School: 7 Strategies to Save for College
This column offers some of the most common techniques to help save for college.
Public Support for Not-For-Profits: Practical Considerations and Protecting Public Charity Status
Organizations that do not pass the public support test may be treated as private foundations.
Avoiding Cost Segregation Recapture Tax
Tax professionals should consider a number of worthwhile opportunities to reduce or avoid recapture tax that is realized upon sale of property.
House Republicans Offer ‘A Better Way’ for Taxes
This article summarizes and critiques the latest significant proposal for reform.
Charitable Donations of Food Inventory
A recent change in the law makes it easier for taxpayers to claim charitable deductions for food products donated to charity.
Is Your Client’s W-2 Correct? If You Said Yes, Think Again!
Some payroll errors occur routinely and are a bigger concern.
Helping Your Clients Execute a Tax-Aware Investment Plan
Without a tax professional’s input, much of the benefit of tax-aware best practices is unlikely to be achieved.
Catching Up After the 2016 Filing Season
Because tax changes don’t take a vacation during filing season, this article helps practitioners keep up to date by summarizing tax developments for that period.
Deduct Your Demolished Building Using a General Asset Account
Recently released tangible property regulations provide a potential opportunity to continue depreciating a building after demolition has occurred.
Comparing the Marketplace Fairness Act and the Remote Transactions Parity Act
This article examines the major provisions in the two bills and highlights their differences.
How Internet Domain Names Are Taxed
The IRS determined that the costs of acquiring domain names are to be capitalized as intangible assets and amortized over a 15-year period.
Charitable IRA Distributions: A Great Opportunity
Exclusion of IRA "qualifying charitable distributions” can a powerful incentive to charitable giving.
Transparency for Individual Taxes
This article reviews how "taxpayer receipts" can help practitioners provide additional tax information to clients.
IRS Weighs In on the Tax Treatment of Computer Costs
Taxpayers apparently have been under the impression that the tax treatment of computer software costs was changed.
