News
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November 5, 2018
Renew Expiring ITINs Now to File a Return Next Year
Taxpayers with ITINs set to expire at the end of the year and who need to file a tax return in 2019 must submit a renewal application. Others do not need to take any action.
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November 1, 2018
Manashi, T.C. Memo. 2018-106: Income omission triggers 6-year limitation period
The Tax Court holds that reporting of some S corporation gross receipts is not adequate disclosure of all receipts,
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October 31, 2018
How Tax Reform Affects Farmers and Ranchers
Under the new law, more farm corporations and partnerships can now use the cash basis of accounting for tax purposes.
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October 30, 2018
How the New Tax Law Will Affect Tax Returns Next Year
Because of the many changes in the tax law, refunds may be different than prior years for some taxpayers. Some may even owe an unexpected tax bill when they file their 2018 tax return next year.
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October 26, 2018
Health Reimbursement Arrangement Rules Are Issued in Proposed Form
The proposed rules also permit employers to establish “excepted benefit HRAs” if certain requirements are met.
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October 26, 2018
US Economy Grows at Fastest Back-to-back Pace in Four years, Boosted by Solid Consumer Spending
Much of the data on residential investment during the third quarter was weaker than expected.
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October 26, 2018
IRS Proposed Regulations on New Opportunity Zone Tax Incentive
Investors who hold their Qualified Opportunity Fund (QOF) investment for at least 10 years may qualify to increase their basis to the fair market value of the investment on the date it is sold.
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October 23, 2018
Association Addresses Digital Economy Tax Issues
The Association emphasizes that several important principles of international taxation remain to be addressed in digital taxation and should be done in a coordinated manner.