New Podcast | 10-23-17

This week’s podcast covers the following developments: IRS releases inflation adjusted tax factors for 2018 LB&I Division issues guidance on unit of property and major component issues for the mining industry IRS announced retirement plan numbers for 2018 IRS announces nonacquiesence in S corporation/real estate professional decision Anti-Kerr regulations officially withdrawn by the IRS 2017 […]

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New Podcast | 10-19-17

This week’s podcast covers the following developments: Filing date relief issued by IRS for victims of Northern California wildfires Challenge to minister’s housing allowance exclusion returns to court Tax Court will assert strict subordination requirement for mortgages on conservation easements outside First Circuit Signature no longer required for §754 election Retroactive loss of tax-exempt status […]

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IRS e-Services Scam Alert

On October 10, the IRS warned all e-Services users to beware a new phishing scam that tries to trick tax professionals into “signing” a new e-Services user agreement. The phishing scam seeks to steal passwords and data. All tax professionals should be aware that as e-Services begins its move later this month to Secure Access authentication […]

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October PCPS Tool – Technology Selection Questionnaire

It’s October! Is there a technology change in your fall forecast? The PCPS Technology Selection Analysis Questionnaire, one section of the Firm inMotion toolkit, provides strategic questions to consider in evaluating new solution options. This PCPS Technology Selection Questionnaire is an example of the insights and resources PCPS delivers. PCPS is an add-on firm membership […]

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New Podcast | 10-9-17

This week’s podcast covers the following developments: South Dakota petitions the Supreme Court for its Quill challenge Congress passes a Hurricane relief bill Taxpayer did not willfully fail to file FBAR Parents are held liable to repay dependent son’s advanced health insurance credit LB&I announces method that can be used to start with ASC 750 […]

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New Podcast | 10-2-17

This week’s podcast covers the following developments: Standard deduction and personal exemptions Individual tax brackets Alternative minimum tax repeal Itemized deductions Work, education and retirement issues Estate and GST Tax repeal Business tax rates Expensing of capital improvements Interest expense Other business deductions and credits Offshore corporate earnings You can listen to the podcast here, view […]

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NCDOR Releases Sales and Use Tax Changes Overview

The Sales and Use Tax Division has issued Form E-505 (9-17), which provides an overview of sales and use tax and privilege tax changes primarily enacted by the 2017 NC General Assembly. Form E-505 can be found at https://www.dornc.com/taxes/sales/2017_form_e-505.pdf Questions about the information provided in this document, can be directed to the Taxpayer Assistance and Collection […]

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New Podcast | 9-25-17

This week’s podcast covers the following topics: Hurricane Irma relief expanded to cover entire state of Georgia Volunteer attorney finds himself in a conflict of interest mess when husband has a change of heart Payment for issues in foreclosure found to create taxable income IRS opens pilot PLR program for D Reorg/Section 355 issues Proposed […]

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New Podcast | 9-18-17

This week’s podcast covers the following topics: IRS Extends Harvey Relief to Victims of Irma South Dakota Ready to Ask Supreme Court to Throw Out Quill Massachusetts Releases Regulations That Broadly Define Physical Presence IRS Has Right to Examine First Deceased Spouse Form 706 to Decrease DSUE at Second Death You can listen to the […]

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AICPA Provides 2017 Disaster Tax Relief Resources

The AICPA Tax Teams have compiled comprehensive information about disaster relief and the effects on tax filing and tax planning to help practitioners: 2017 Hurricane Tax Filing Relief state-by-state spreadsheet IRS information on tax relief for Hurricane Irma victims Preliminary Thoughts on the Tax Implications of Hurricane Irma AICPA TV webcast and PowerPoint presentation on […]

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