News
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August 1, 2018
Proposed Regulations concerning Section 965 Implementation
Section 965 levies a transition tax on post-1986 untaxed foreign earnings of specified foreign corporations owned by US shareholders by deeming those earnings to earnings to be repatriated.
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July 31, 2018
Tax Professionals Should Beware of Spear Phishing Emails
An email may appear to be from a colleague, a client, a cloud storage provider, tax software provider or even the IRS or the states.
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July 26, 2018
IRS Penalizes Tax Practitioner and his Debt-relief Frm for False and Misleading Advertising
A five-year probationary period with the threat of losing practice privileges before the IRS should send a strong warning to anyone tempted to mislead taxpayers with false claims.
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July 25, 2018
Stock-based compensation cost-sharing regs. valid
The court held that the regulations were not arbitrary and capricious and complied with the APA...
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July 18, 2018
Basic safeguards for tax professionals’ computers and email
There is a dizzying array of cyber threats that confront tax professionals and many others.
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July 17, 2018
States sue over state and local tax deduction cap
The complaint asks the court to declare the cap on the state and local tax deduction unconstitutional and to issue an injunction barring its enforcement.
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July 16, 2018
SEC provides disclosure relief
Considers employee stock compensation rules.
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July 11, 2018
Avoid Common Not-for-profit Financial Statement Mistakes
The new standard reduces from three to two the number of net asset classes in not-for-profit financial reports.