Tax & Accounting Blog
Tax & Accounting Blog
1827
The IRS has revised its controversial draft of the 2020 Form W-4, Employee’s Withholding Allowance Certificate. When first released, the form faced controversy over: complexity;…
read more
Form 1099-NEC, Nonemployee Compensation, is expected to return in 2020 after a 38-year absence. Taxpayers will use the form to report certain payments currently reported…
read more
Most states tax corporate capital gains and losses in the same manner as under federal law. But several states differ on the deductibility of capital…
read more
Capital gains and losses of corporations are subject to special reporting, computation, and carryover rules that do not apply to other types of corporate income…
read more
The U.S. Supreme Court ruled in North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust that states cannot tax the income…
read more
Starting in 2020, employers that qualify can set up “individual coverage” health reimbursement arrangements (HRAs). Employers will also be able to set up “excepted benefit…
read more
Arizona retroactively conformed to income tax changes made by the Tax Cuts and Jobs Act. A bill signed by the governor on May 31, 2019,…
read more
A U.S. taxpayer that deducts a “disregarded payment” of interest or royalties to a related person may find its deduction disallowed under IRC §267A. Under…
read more
Game-changing technology for a rapidly changing industry Wolters Kluwer announced that its CCH Axcess™ iQ solution was honored as a finalist in the 2019 CPA…
read more
All of a novelist’s publishing income was self-employment income from her writing business, rather than “brand income” attributable to her name and likeness. The Tax…
read more