Tax & Accounting Blog
Tax & Accounting Blog
3958
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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Louisiana regulations require electronic filing for income tax returns when taxpayers meet certain thresholds. Mandatory e-filing applies to: corporate income tax returns; corporation franchise tax…
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Tax relief is offered to Alabama taxpayers who have been affected by damage caused by Hurricane Florence. The tax relief will mirror IRS measures in…
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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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Nebraska property owners will receive property tax relief in 2018. Property Tax Credit Act The Property Tax Credit Act provides a real property tax credit…
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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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Massachusetts issued draft guidance that explains the impact on corporate excise taxpayers of IRC Sec. 965 income. The guidance includes a chart that shows where…
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The Multistate Tax Commission (MTC) has established a work group to help states discuss marketplace facilitator ideas and implement Wayfair. Weekly Conference Calls Public call-in meetings…
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