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February 12, 2015

Tangible Property (Repair Regs) Webcast Archives

Tangible Property (Repair Regs) Webcast Archives Source:: AICPA – Tax
February 11, 2015

Most Outstanding Claims for FICA Tax Refunds Will Be Denied, IRS Announces

The IRS announced that it will disallow all refund claims filed while resolution of the issue of whether severance payments to employees are subject to FICA […]
February 10, 2015

Final Rules Govern Foreign Tax Credit Splitter Arrangements

The IRS issued regulations that prohibit taxpayers from taking a foreign tax into account for federal foreign tax credit purposes before the tax year in which […]
February 9, 2015

Tangible Property Regulations (Repair Regs) Guidance and Resources

The IRS issued final rules for tangible property (T.D. 9689) that largely adopted the proposed regulations issued in 2013. The IRS also issued the procedural guidance […]
February 9, 2015

Concerns Regarding Tangible Property Regulations

We have heard from many of our members about the difficulties you are experiencing in adopting the tangible property regulations. We are hopeful that the IRS […]
February 9, 2015

IRS Issues Revised 2014 and 2015 Passenger Automobile Depreciation Limits

The IRS issued revised numbers for the amount of depreciation taxpayers can take for the first year they use a passenger automobile (including a truck or […]
February 6, 2015

2015’s Dirty Dozen Tax Scams

Phone scams, phishing, and identity theft topped this year’s IRS list of the “dirty dozen” tax scams. Source:: AICPA – Tax
February 6, 2015

Affordable Care Act (ACA) – Tax Season Resources for CPAs

Tax season resources for CPAs to quickly navigate the health care reform reporting requirements under the Affordable Care Act for 2014 individual income tax returns. Source:: […]
February 3, 2015

Reminder: Need to Elect Portability by End of Year for 2011-2013 Estates

Nov. Tax Section news article on Esate Portability Source:: AICPA – Tax
June 12, 2015

Tax Industry and IRS Team Up to Fight Identity Theft Refund Fraud

Tax software vendors will share analytical information about their customers’ tax filings with the IRS under new agreement announced by the IRS. Source:: AICPA – Tax
June 13, 2015

IRS: Corporations Cannot Circumvent Gain on Appreciated Property Using Partnerships

The IRS issued regulations that take aim at transactions that attempt to avoid the repeal of the General Utilities doctrine. Source:: AICPA – Tax
June 22, 2015

Proposed Rules for ABLE Accounts for the Disabled Are Issued

The IRS issued proposed regulations implementing Sec. 529A, which authorizes states to offer specially designed tax-favored accounts for the disabled (ABLE accounts). Source:: AICPA – Tax
June 22, 2015

IRS Issues Guidance for Multiemployer Plans to Apply For Benefit Suspension Approval

The IRS issued temporary and proposed regulations that provide guidance for multiemployer pension plans that are in critical and declining status and therefore may be permitted […]