Tax & Accounting Blog
Tax & Accounting Blog
New proposed regulations for the foreign-derived intangible income (FDII) deduction include strict documentation requirements. A recent KPMG audio conference stressed the importance of obtaining the…
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New proposed regulations for the foreign-derived intangible income (FDII) deduction include strict documentation requirements. A recent KPMG audio conference stressed the importance of obtaining the…
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March Madness is here! I’m talking about busy season, not college basketball. While other firms are trying to survive busy season, you should be beating…
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The SEC adopted amendments to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies. The SEC indicated that these “amendments are…
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The IRS is sending information request Letter 5699 to Applicable Large Employers (ALEs) seeking information on why they are not current with their employee health…
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Forms 1065 and 1066 do not require the partnership representative’s TIN, according to a supplement added to the Form 1065 instructions. The new centralized audit…
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With the rise of DIY tax software, clients expect more strategic advice from their accountants. Some people are predicting that the price of compliance services…
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Tax Implications May Await Wager Winners It’s March Madness time and office pool participants are studying the National Collegiate Athletic Association (NCAA) brackets. Daily fantasy…
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States differ in how they treat the federal net operating loss deduction on state corporate income tax returns. The variety of state approaches can make…
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Software utilities, like CCH ProSystem fx Engagement’s Admin Views, can help improve your firm management. Therefore, you should periodically review those kinds of utilities in…
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A partnership may elect to expense property under IRC §179 only if the partnership uses the property predominantly (more than 50%) in the active conduct…
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