The Latest News
IRS Chief Mulls Creation of a Practitioner Division
IRS Commissioner Charles Rettig said he’s considering creation of a new division in the agency focused on the needs of the tax practitioner community. “I’m aware of it. I’m sensitive to it. And...
How Clients Can Max Out on the Section 199A Deduction
The new Section 199A deduction has led to considerable confusion and uncertainty among taxpayers and practitioners alike. At least new final regulations issued earlier this year provide some...
Governor Lamont, Attorney General Tong Announce Lawsuit Against IRS, Secretary Mnuchin
Acting to protect Connecticut taxpayers from the harmful effects of the Trump Administration's federal tax overhaul, Attorney General William Tong and Governor Ned Lamont announced today that the...
National Taxpayer Advocate Nina Olson releases comprehensive report intended to improve EITC administration; publishes "subway map" of taxpayer’s journey through the tax system
National Taxpayer Advocate Nina E. Olson today released a special report on the Earned Income Tax Credit (EITC), which makes recommendations designed to increase the participation rate of eligible...
Why the TCJA Packs Even More Depreciation Punch
The Tax Cuts and Jobs Act (TCJA) combines powerful enhancements for the Section 179 “expensing” and “bonus” depreciation deductions. That’s an effective 1-2 punch that’s hard to beat. Given the...
Final rules permit truncated TINs on W-2s
In its continuing effort to reduce identity theft, the IRS issued final regulations that permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax...
Advising Your Clients on Lowering Their Self-Employment Taxes
Here’s the thing: Making sure employees are paid the right amount on time is crucial to keeping them motivated. And for small business owners, determining exactly how much money should be withheld...
Can You Make Tax Deductions without the Records?
In seven previous columns, I explained how I use “tax tidbits” to enliven conversations when talking taxes with clients or speaking to groups like retirees, individuals who run their own...
How Wayfair and SST Guide Remote Sales Tax
Accounting professionals and their business clients need to understand how the Wayfair ruling and the Streamlined Sales and Use Tax Agreement intersect. Just one year ago, the seminal Supreme...
Congress approves IRS reform bill, drops Free File language
The Senate voted to approve the Taxpayer First Act, H.R. 3151, on Thursday, three days after the House of Representatives had also approved it by a voice vote. The bill now goes to President...
Your Guide to the Section 199A Deduction Mess
Presumably, 90 percent of those in Congress are attorneys, and good ones. So, you'd think their contracts and legislation wouldn’t leave a lot of things up to interpretation. Unfortunately, this...
The Shifting Deduction Landscape Under the TCJA
Before the Tax Cuts and Jobs Act (TCJA), most moderate-to-high-income taxpayers itemized deductions on Schedule A, rather than claiming the standard deduction on their personal returns. Due to a...
Millions more ITINs set to expire in 2019; IRS says renew early to prevent refund delays
Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service continues to urge affected taxpayers to submit their...
House Dems press for end to SALT deduction cap
U.S. House Democrats on Tuesday pushed for a repeal of a provision of the GOP tax law that capped the deductibility of state and local taxes, known as SALT, on federal returns. Democratic members...
Cryptocurrency not FBAR reportable (at least for now)
Tax practitioners and taxpayers alike have long grappled with whether virtual currency, aka cryptocurrency, is reportable for purposes of FinCEN Form 114, Report of Foreign Bank and Financial...
IRS, Treasury issue guidance under Tax Cuts and Jobs Act and the Consolidated Appropriations Act of 2018 for cooperatives and patrons of cooperatives
The Treasury Department and Internal Revenue Service today issued legal guidance under the 2017 Tax Cuts and Jobs Act (TCJA) and the Consolidated Appropriations Act of 2018 providing information...

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Continuing Professional Development

Business and Industry Conference - 9/18/2019 - Rocky Hill
Our brand new Business and Industry Conference is designed to help you grow every facet of your business - not just accounting.  We'll discuss...
Annual Accounting and Auditing Update (Livestream) - 11/18/2019 -
Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a...
Annual Accounting and Auditing Update - 11/18/2019 - Rocky Hill
Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a...
Risk-Based Audit Standards: Effective Utilization - 11/21/2019 - Rocky Hill
This program will review the requirements of risk-based auditing, address best practices when conducting planning and risk assessment procedures, describe...
Risk-Based Audit Standards: Effective Utilization (Livestream) - 11/21/2019 -
This program will review the requirements of risk-based auditing, address best practices when conducting planning and risk assessment procedures, describe...
Compilations, Reviews, and Preparations: Engagement Performance and Annual Update (Livestream) - 11/25/2019 -
Specifically designed for preparation, compilation, and review practitioners and their staff, this course will provide you with a comprehensive review and...
Compilations, Reviews, and Preparations: Engagement Performance and Annual Update - 11/25/2019 - Rocky Hill
Specifically designed for preparation, compilation, and review practitioners and their staff, this course will provide you with a comprehensive review and...
Accounting for Financial Statement Uncertainty: Estimates, Contingencies, and Going Concern - Afternoon Session (Livestream) - 11/26/2019 -
Understanding the proper accounting for and reporting of financial statement areas containing uncertainty can be challenging, especially ensuring adequate...

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Webinars

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