Latest Articles

July 9, 2020 

These final regulations provide guidance on both the computation of the deductions available and the determination of FDII.

July 9, 2020 

Lozano is the Partner in Charge of Whitley Penn’s Dallas office, Director of the Firm’s Audit department, a member of the Firm’s Executive Committee and Compensation Committee. He is active in both the internal and external growth strategy of the firm.

July 9, 2020 

Tax-exempt organizations that certain forms they file with the IRS are due on July 15, 2020. For organizations that operate on a calendar-year basis, this includes the 2019 Form 990 they would have normally filed on May 15.

July 9, 2020 

Business valuations are forward-looking and there are multiple approaches to them. An income approach to valuation applies an opportunity cost of capital to an expected future benefit stream, such as cash flows or net income, while a market approach ...

July 9, 2020 

The biggest mistake an investor can make is an impulsive one, which all too often can lead to regret. We strongly encourage clients to take time to think about the news before acting on their impulses.

July 9, 2020 

Taxpayers who make IRA contributions to traditional Individual Retirement Arrangements (IRAs) made by this year's postponed tax return due date of July 15, 2020, can claim those contributions as deductions on their 2019 tax return.

July 9, 2020 

The U.S. Supreme Court has ruled that President Donald Trump is not automatically immune from investigations into his income tax returns but stopped short of requiring the release of his tax returns.

July 9, 2020 

As the IRS continues to reopen its operations across the country, taxpayers who were in payment agreements and skipped any payments from March 25 and July 15 should start paying again to avoid penalties and possible default on their agreements.

July 9, 2020 

Employers will be required to report these amounts either on Form W-2, Box 14, or in a statement provided with the Form W-2. The guidance provides employers with optional language to use in the Form W-2 instructions for employees.

July 9, 2020 

The new audit evidence standard enhances’ the auditor’s assessment of whether sufficient and appropriate audit evidence has been obtained and establishes a multi-faceted consideration of attributes and factors in evaluating such audit evidence.

July 9, 2020 

As the July 15 tax filing season deadline approaches, members of the active duty and reserve military and their families are eligible for special tax benefits that can ease the filing process.

July 9, 2020 

AICPA believes it is both necessary and appropriate to provide further compliance relief to those taxpayers that are truly impacted by the coronavirus and do not have the wherewithal to continue to voluntarily meet their tax obligation.