Latest Articles

February 6, 2018 

According to the contingency plan that went into effect during the first shutdown, about half the IRS staff – around 35,000 workers -- will be told to stay home. The other half will still punch in.

February 5, 2018 

That national accounting and advisory firm of BDO USA, LLP has expanded its healthcare advisory services practice through the acquisition of the consulting division of PBC Advisors.

February 5, 2018 

When I talk about specializing in taxation, I wake up every morning around 4:30 am, and by 5:00 am I begin reading my emails from Thompson Reuters RIA, discussing all of the new tax law changes, and Tax Court cases. I read the whole email from ...

February 5, 2018 

Income from a CFC is not taxed until it is repatriated to the US. In crypto, this would happen when the money is sent to the US based company. Let’s say the US company sells widgets to the foreign corporation at cost. The foreign corporation is set up ...

February 5, 2018 

Tax season is in full swing, and as an accounting professional, you’re bound to be in the thick of demanding work weeks and long hours. The fast pace and extended hours can be challenging, even for the most dedicated professionals. With this in mind, how can you maintain a high level of productivity and excellent...…

February 5, 2018 

In a new twist, the fraudulent returns in a few cases used the taxpayers' real bank accounts for the deposit. A woman posing as a debt collection agency official then contacted the taxpayers to say a refund was deposited in error and asked the ...

February 3, 2018 

MetaTaskerPT – a web application assisting property tax groups with data entry. MetaTaskerPT intelligently extracts strategic data from property tax documents (ie. tax bills and notices) and directly imports them to a property tax management system. MetaTaskerPT is scalable and capable of accommodating high volume  incoming document peaks experienced during property tax cycles. The data extraction...…

February 2, 2018 

The new tax reform law, the Tax Cuts and Jobs Act (TCJA), includes a crackdown on recharacterizing a Roth IRA. Beginning in 2018, retirement-savers can longer undo a Roth conversion due to a decline in value or some other reason. But there’s still a ...

February 2, 2018 

According to a new study conducted a professor in the Department of Design and Environmental Analysis at Cornell, workers in daylit office environments reported an 84 percent drop in symptoms of eyestrain, headaches and blurred vision symptoms, which ...

February 2, 2018 

Letting clients pay by credit or debit card is even easier when you have card information on file from the get-go. This free authorization form can help you get started with online payments and protect your firm against payment disputes.

February 2, 2018 

I had a client in Alabama that came to me because she was audited, lost her appeal rights, and Tax Court rights, and was saddled with a $500,000 tax liability. When I take a collections case, the first thing I do is try to find out why this person owes...

February 2, 2018 

The NAEA has been instrumental in many legislative acts recently, designed to protect EAs right to practice. In certain states, EAs were not allowed to advertise their credentials. The NAEA, sent a delegation to Washington and were instrumental in the ...