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September 2, 2020 

IRS Launches BBA Partnership Audit Website

A partnership is subject to BBA unless it is an eligible partnership and makes an annual election out of BBA on a timely filed Form 1065. An eligible partnership is one with 100 or fewer partners, all of whom are either ...

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September 2, 2020 

Wage Growth and Hours Worked See Increase in August

Hourly earnings growth was steady at 3.28 percent in August and weekly earnings continue to improve as the number of hours worked increases. The national jobs index stood at 94.39, moderating 0.21 percent from the previous month.

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September 2, 2020 

IRS Offers Guidance on Base Erosion and Anti-Abuse Tax

The final regulations provide detailed guidance regarding how to compute certain BEAT calculations for groups of related taxpayers. The final regulations also contain rules permitting taxpayers to waive deductions for ...

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September 1, 2020 

Pennsylvania CPA Society Acquires CPE Provider CPA Crossings

CPA Crossings will operate independently, leveraging PICPA’s administrative resources and executive oversight. Adam Batchelor will serve as CEO of CPA Crossings. According to Batchelor, “Adding PICPA’s resources and perspective to ...