ONLINE CPE REGISTRATION UPDATE
As NCACPA completes its system migration, registration for online CPE courses will temporarily close at 12:00 a.m. on the day prior to each program to allow for accurate attendance and CPE processing. We appreciate your understanding and will share updates once this step is no longer necessary. Please contact Solutions Support at 800-469-1352 with questions.
The General Assembly released its budget conference report late Tuesday evening. The conference bill comprised multiple tax provisions of benefit to the NCACPA membership, which the Association was pleased to see after many months and much communication with legislators and the Department of Revenue. Both chambers most vote to approve the budget bill before it…
This week’s podcast focuses on the following items: Proposed regulations issued on qualified agricultural cooperatives US Supreme Court rules mere residence of beneficiary not enough to all state to tax entire income of trust Taxpayer had a proper claim of right situation when she paid ½ of wages paid back by ex-spouse IRS finalizes non-resident…
While fraud can damage any organization, it can devastate small businesses, which often lack the resources for proper anti-fraud...
This week’s podcast focuses on the following items: IRS to stop faxing transcripts, only mail them to taxpayer’s address of record Final regulations issued for state tax credit donations and new way to report credit as tax paid IRS finalizes regulations creating two new HRAs You can listen to the podcast, view the video version, and read the…
Effective June 28, the IRS will end its faxing service for individual and business tax transcripts and, effective July 1, the IRS will end its third-party mailing options from the Form 4506 series. The IRS announced both changes last year, but the dates are now confirmed. The IRS will be issuing a news release and…
This week’s podcast focuses on the following items: S corporation status lost when SMLLC shareholder adds a new interest holder Tax Court does not accept author’s attempt to treat a portion of her income as not self-employment income IRS releases employer tables and worksheets for TCJA-aware draft Form W-4 TIGTA finds that LB&I imposes accuracy-related…
The Additional Supplemental Appropriations for Disaster Relief Act of 2019 (H.R. 2157) was signed into law by President Trump on June 6, 2019. This legislation includes long-awaited, critical funding for farmers, communities, small businesses, and military installations in North Carolina. The North Carolina Association of CPAs was especially pleased to receive this news following its…
RALEIGH, June 3, 2019 – Governor Cooper signed a bill into law providing local government more flexibility in obtaining part-time finance staffers. House Bill 233 began as an agency bill requested by State Auditor Beth Wood, which passed the House and then incorporated an amendment from Sen. Andy Wells, R-Catawba, adding a section on municipal…
This week’s podcast focuses on the following items: Evangelizing did not give rise to charitable deduction for most expenses DC Circuit agrees with Tax Court that failure to disclose basis of asset doomed $33 million contribution Taxpayers lose nearly $1 million of basis due to lack of old documents IRS tries one more time to…
This week’s podcast focuses on the following items: Virtual currency guidance promised by IRS Commissioner HSA numbers for 2020 released by IRS Auto depreciation limits for 2019 released by IRS House passes retirement reform bill, would drastically cut back on the use of stretch IRAs Assistant US Attorney warns preparers about criminal exposure when they…