Latest Articles

May 28, 2018 

The rules on how to determine a passive activity are pretty straight forward. In a nutshell, a taxpayer that spends less than 750 hours in an activity has passive income or loss. That works out to approximately 15 hours a week. In my aforementioned ...

Craig Smalley

May 28, 2018 

In Part 2 of this interview, Scott Peterson, Vice President of U.S. Tax Policy and Government Relations for Avalara, continues his discussion with Jason Heckel, Senior Director of Tax at Zillow Group, who describes how he led Zillow in automating their...

May 25, 2018 

Less than a year ago, panelists in this survey named geopolitical crisis as the most prominent likely cause of the next recession. Those concerns have fallen below policy-related fears like trade policy, a correction in the stock market or an ...

May 25, 2018 

The IRS has received reports from tax professionals who received fake emails that were trying to trick them into disclosing their email usernames and passwords.

May 25, 2018 

The survey serves as an important tool to help identify key issues for consideration in developing its future strategy in the context of the IAASB’s broad strategic focus and the changing environment, and with the overriding objective of serving the ...

May 25, 2018 

While the overall goal of FASB ASU 2016-14 is to provide more useful information to donors, grantors, creditors, and other users of financial statements, particularly addressing the long-term sustainability of the organization, questions remain for ...

May 25, 2018 

Now that the U.S. Supreme Court has opened the doors for legalized gambling in states other than Nevada, expect more tax questions from clients relating to gambling activities. Take note of these recent developments.

May 25, 2018 

An IRS levy permits the legal seizure and sale of property including wages, money in bank or other financial accounts, vehicles, real estate and other personal assets to satisfy a tax debt.

May 25, 2018 

The Tax Cuts and Jobs Act, the tax reform act signed into law at the end of 2017, has significant changes to moving and travel expenses, including expenses incurred by employees related to their work, that were not reimbursed.

May 24, 2018 

Preparing financially for retirement can be complicated for anyone, but for small business owners the process often poses even more challenges.

May 24, 2018 

The accounting treatment for the dry-docking process has been debated for a long time may be because of the complications associated with the nature of the process. The debate mainly revolved around whether to capitalize the dry-docking costs or to ...

Sameh A. Rassoul Hendawi

May 23, 2018 

Thomson Reuters has released the second annual Checkpoint Catalyst special report, State Corporate Income Tax: E-Commerce Study 2018, an important examination of which states impose corporate income taxes on out-of-state companies that sell purely ...