Tax & Accounting Blog
Tax & Accounting Blog
1975
The American Institute of Certified Public Accountants (AICP) believes that the definition of interest in IRC Section 163(j) proposed regulations is too broad and should…
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The idea of a robot tax may sound futuristic to some, but with the explosion of artificial intelligence (AI) lawmakers around the world are considering…
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Taxpayers surprised this filing season that they could not claim certain tax breaks may find relief for their 2018 returns from federal tax extender legislation.…
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Republicans’ 2017 overhaul of the tax code created a new Section 199A 20-percent deduction of qualified business income (QBI). This new Section 199A QBI deduction,…
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401(k) plans may go through several changes if the bills known as the SECURE Act and RESA make it through Congress. The retirement savings legislation…
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To address the complexity of state income tax for mobile workers, U.S. Senators introduced the Mobile Workforce State Income Tax Simplification Act of 2019. The…
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Bipartisan legislation that would change IRA rules on contributions and distributions, known as the SECURE Act and RESA, has cleared both the Senate Finance and…
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A bipartisan bill that would reform the IRS for the first time in 20 years is headed to the House floor for a full chamber…
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With many state legislatures in full swing, state responses to changes in the NOL deduction made by the Tax Cuts and Jobs Act of 2017…
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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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