This guide provides tax preparers an outline of questions to ask clients when evaluating HVAC repair costs.
Tax Insider Articles
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This article addresses certain aspects of the withholding rules of the final Sec. 1446(f) regulations, options to eliminate or reduce Sec. 1446(f) withholding, and some outstanding issues.
CPAs can play a vital role in helping plan sponsors cut costs and make the best of a challenging situation so the business can keep its company retirement plans intact.
This article focuses on the key tax and reporting areas applicable to revocable trusts and the associated planning and pitfalls that arise at the grantor’s death.
This article discusses self-charged interest requirements.
After a year of many changes, this tax season looks very different. The AICPA wants to hear your feedback about this tax season so it can better support the profession.
This article discusses the applicable deadlines for individuals for investing in a QOF and obtaining tax deferral.
Compared to pre-TCJA rules, there is no material change in the tax treatment of a building involved in a like-kind exchange, where a cost segregation study has been performed.
This article focuses on the role of family CPAs in IRS collection matters.
The IRS issued regulations to address the changes made to the meals and entertainment deduction under the TCJA.
The COVID-19 recession is the reason why the IRS added “offer-in-compromise mills” to its annual Dirty Dozen scams list.
One of the biggest, yet most misunderstood, penalty defenses is that a tax position was based on reasonable cause and the taxpayer acted in good faith.
This article focuses on two opportunities beneficial to both employers and employees: (1) Sec. 139 disaster relief payments and (2) Sec. 127 educational assistance payments.
This article discusses what is needed to help clients who have an IRA invested in PTPs pay the correct amount of tax.
This second of a two-part article discusses the taxability of scholarships and who gets the deduction for repaying the student loans.
This article examines planning issues when a student is a young child whose parents are saving for college and when the student is a young adult paying for college.
R&D tax credits can be a very effective and controllable way for businesses to replenish valuable dollars spent on new and innovative products or processes.
Recently issued proposed regs. are generally good news for property owners with plans to make Sec. 1031 exchanges.
This quiz tests your knowledge of the like-kind exchange rules.
Right now, some basic tax planning ideas can make a significant difference in reducing income tax, thereby increasing cash flow and even creating tax refund opportunities.