Latest Articles

September 16, 2020 

As set forth in Rev. Proc. 2020-1, the IRS ordinarily processes requests for letter rulings in the order that they were received. A taxpayer with a compelling need to have a request processed more quickly may request expedited handling.

September 16, 2020 

Through this merger, clients and the Boston metro area will have access to a deep bench of knowledgeable professionals who can provide comprehensive individual and business tax planning, accounting, estate, trust, and ...

September 16, 2020 

The Tax Cuts and Jobs Act (TJCA) amended the rehabilitation credit so that taxpayers now claim the rehabilitation credit over a five-year period. The TCJA amendments generally apply to a taxpayer’s qualified rehabilitation expenditures paid or ...

September 16, 2020 

The Affordable Care Act (ACA)—the massive healthcare law known as Obamacare—has been under the gun ever since its enactment in 2010. In the latest legal development, the U.S. Supreme Court has agreed to review a challenge as to whether the ...

September 16, 2020 

Generally, if you make withdrawals from a traditional IRA before age 59½, you must pay a 10% penalty tax, in addition to the regular income tax. However, the tax law has created a number of special exceptions.

September 16, 2020 

Established in 1998, the ETAAC is a public forum for the discussion of issues in electronic tax administration. Its aim is to prevent identity theft and refund fraud in support of paperless filing of tax and information returns.

September 16, 2020 

The Illinois CPA Society has awarded Elizabeth A. Murphy, Ph.D., MBA, CPA, with its prestigious 2020 Lifetime Achievement Award. The Lifetime Achievement Award is the highest honor ICPAS bestows on a member who has ...

September 16, 2020 

The Sensiba Center for Sustainability, the first of its kind in California, provides a full spectrum of services to advise companies at every phase of the transition to a purpose-driven business model. From businesses just beginning to explore the ...

September 15, 2020 

AvaTax for Beverage Alcohol is a central component in the Avalara for Beverage Alcohol suite of products, which provides comprehensive support for beverage alcohol businesses across the compliance life cycle, from licensing and product registrations ...

September 15, 2020 

Revenue Proc. 2020-23 allows eligible BBA partnerships the option to file such amended returns before September 30, 2020. Final and proposed regulations under section 163(j) were released on July 28, 2020, and proposed regulations under ...

September 15, 2020 

The American Institute of CPAs (AICPA) has issued recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) to address the need for guidance on new section 512(a)(6) of the Tax Cuts and Jobs Act (TCJA) regarding unrelated bu

September 15, 2020 

Bloomberg Tax & Accounting has released its 2021 Projected U.S. Tax Rates report. Based on changes in the chained Consumer Price Index (chained CPI) released today by the U.S. Bureau of Labor Statistics, Bloomberg Tax & Accounting's annual report is ...