Using a Third-Party to Audit Unclaimed Property? Take Note…
States that use third-parties to audit unclaimed property liability may want to take note of Univer v. Geisenberger, et al., (C.A. No. 18-1909 (MN), Sep. 17,…
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Qualified Opportunity Zones: Proposed Guidance Issued on Deferred and Forgiven Tax Gains
Wolters Kluwer Tax & Accounting explores the many issues with utilizing QOZs The Tax Cuts and Jobs Act (TCJA) created a new provision in the…
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Uncashed Retirement Checks
The IRS ruled that a retiree is taxed in the year of receipt of an uncashed distribution check and employers need not change reporting or…
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Wolters Kluwer Hosts Inaugural Meeting of the Global Audit Advisory Board
Experts discuss challenges, solutions and evolution of audit industry Wolters Kluwer Tax & Accounting, a leading provider of software solutions and local expertise for tax,…
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FASB Amends the Effective Dates for the CECL, Hedging, Leases and Insurance Standards
The FASB amends the effective dates for the CECL, Hedging, Leases and Insurance Standards, as follows, which are consistent with the related proposed ASUs: –…
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Florida’s Automatic Rate Reduction Triggers Refund Opportunities
Florida law provides automatic corporate income tax rate reductions and refunds based on collections for the tax. The Florida Department of Revenue recently announced a…
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AICPA Urges IRS to Provide “Tax Reform Administrative Relief” Under Final Transition Tax Rules
The American Institute of CPAs (AICPA) has urged the IRS to reconsider providing “tax reform administrative relief” under final IRC Sec. 965 transition tax rules. Under…
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New Hampshire Adjusts Rates, Possibly Adopts Singles Sales Factor Apportionment
New Hampshire enacted legislation: changing the rates of the business profits and the business enterprise taxes; andpossibly adopting singles sales factor apportionment for the business…
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New Inflation Estimates Offer First Look at Potential Impact for Taxpayers in 2020
Wolters Kluwer offers quick, go-to guidance on latest figures An early glimpse of the income tax picture for 2020, as projected under current tax law,…
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IRS Whistleblowers Have New Remedies for Employer Retaliation
Some IRS whistleblowers have significant new administrative and legal remedies against employer retaliation. Employee whistleblowers can now: File retaliation complaints with the Department of Labor,…
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