The Nominating Committee met in Charlotte on January 31,2019, and is pleased to present the following slate of officers and directors, which will be voted upon during the Annual Business Meeting scheduled for May 2, 2019. Austin Wachter (Nuveen, Charlotte) will become the 2019-20 Chair, and Scott Showalter (North Carolina State University, Raleigh) will assume […]
News
New Podcast | 2-11-2019
This week’s podcast focuses on the following items: Situations where an employer can recover HSA funds from employee accounts IRS decides taxpayers can use Rev. Proc. 2018-60 even if currently using an impermissible method of accounting Taxpayer reasonably relied on CPA’s advice and escapes penalties Airline passenger discovers he can’t sue the TSA for his […]
New Podcast | 2-8-2019
This week’s podcast focuses on the following items: IRS delays end of faxing transcripts after Chair and ranking minority member of Senate Finance Committee send a joint letter requesting a delay Taxpayers could not avoid NOL carryforward election they claimed they were unaware of IRS publishes corrected version of §199A regulations, changes one word some […]
Issues and Guidance from the IRS
Below, you’ll find resources, provided by the IRS, to guide you through tax season. TCJA Guidance: Publication 5318, TCJA: What’s New for Your Business This electronic publication covers many of the TCJA provisions that are important for small and medium-sized businesses, their owners and tax professionals to understand. Due Diligence/EITC Awareness/Practitioner Toolkit: Review the EITC […]
Tax Cuts and Jobs Act Resources & Corrected Section 199A Regulations
Below are resources provided by the IRS to aid with the Tax Cuts and Jobs Act. Also included is the corrected draft of the final regulations under section 199A on the new qualified business income deduction. Publications and Flyers: Pub 5330 – Reminder from the IRS and the American Payroll Association (with APA logo) Pub […]
Free February PCPS Tool | Ways to Recognize Your Employees
Recognition makes people feel really good about themselves and motivates employees to keep up the good work. Recognize the unique value each of your employees brings to your firm in ways that are meaningful to the individual. Use this resource, part of the PCPS Diversity & Inclusion Toolkit, to review the way each team member […]
New Podcast | 1-31-2019
This week’s podcast focuses on the following items: Reported IRS backlog of unanswered letters that arrived during the shutdown IRS publishes information on impact of shutdown on matters before the Tax Court W-2 wages Revenue Procedure made final at same time §199A final regulations come out More thoughts on the §199A final regulations You can listen […]
Just In: Transcript Faxing Update From IRS
The IRS will extend its transcript faxing service beyond the planned February 4 end date. The IRS is reviewing options for a new time frame. We are committed to providing you with advanced notice of the new date. As a reminder, you can now have unmasked wage and income transcripts sent to your e-Services secure […]
FAQs on Resumption of IRS Activity
The IRS has provided FAQ documents on both collections and exam activities following the agency’s resumption on January 28, 2019.
AICPA Letter to IRS & Treasury
Yesterday, the AICPA sent a letter to Treasury Secretary Mnuchin and IRS Commissioner Rettig, along with copies to the two Congressional tax writing committees – the Senate Finance Committee and the House Ways & Means Committee. The attached letter outlines ways in which the shutdown of the Department of the Treasury and IRS is affecting […]