Tax & Accounting Blog
Tax & Accounting Blog
1975
Taxpayers have been provided with additional guidance for complying with the Code Sec. 871(m) regulations on dividend equivalent payments for 2019, 2020, and 2021. The…
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A U.S. citizen working in Germany for the U.S. Department of State under a personal services agreement was a U.S. government employee for federal income…
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The IRS modified procedures to allow early adopters to recognize revenues described in the new financial accounting standards issued by the Financial Accounting Standards Board…
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The House’s top tax writer has urged the IRS to issue updated guidance on virtual currencies. House Ways and Means Committee Chairman Kevin Brady, R-Tex.,…
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Controlled foreign corporations (CFCs) in Hong Kong and Cyprus paid actual and constructive dividends to the taxpayers who indirectly owned them. The distributions from the…
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The IRS has updated its safe harbor Code Sec. 402(f) notice explanations for recipients of eligible rollover distributions. The updates reflect legislative changes and guidance…
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The president has declared a federal disaster area in North Carolina due to Hurricane Florence, which began on September 7, 2018. The disaster area includes…
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During the week of September 10, 2018, House Republican tax writers advanced a “Tax Reform 2.0” legislative package. The Treasury Inspector General for Tax Administration…
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Hurricane Florence victims get tax relief from the IRS. Individuals who reside or have a business in the following North Carolina counties may qualify for relief:…
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Annual inflation-adjusted amounts for tax year 2019, as projected by Wolters Kluwer, reflect several increased thresholds and ceilings. These projections include 2019 tax brackets, the…
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