Simplifying the accounting for income taxes
As part of its initiative to reduce complexity in accounting standards, FASB issued ASU No. 2019-12 in late 2019 for the purpose of simplifying accounting for income taxes.
Tax Insider Articles
Tax Clinic
Marrying ESG initiatives to business tax planning
Early access to wages may require new employment tax analyses
Determining gross receipts under Sec. 165(g)(3)
Recent changes to the Sec. 179D energy-efficient commercial buildings deduction
IRS provides guidance on perfecting S elections and QSub elections
DEDUCTIONS
Business meal deductions after the TCJA
This article discusses the history of the deduction of business meal expenses and the new rules under the TCJA and the regulations and provides a framework for documenting and substantiating the deduction.
TAX RELIEF
Quirks spurred by COVID-19 tax relief
This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID-19.