Journal Of Accountancy News

Latest News from Journal Of Accountancy

The IRS posted a draft of a form that affected taxpayers will submit with their 2019 tax returns showing how they computed their qualified business income (QBI) deduction under Sec. 199A.
Posted: February 15, 2019, 8:10 pm
FASB took a step forward in resolving challenges in its rules for recognizing and measuring deferred revenue in business combinations.
Posted: February 14, 2019, 9:00 pm
Nearly one-third (30%) of financial planners say their clients’ top retirement fear is running out of money, according to a recent AICPA survey of 631 CPA financial planners.
Posted: February 14, 2019, 12:00 pm
The IRS issued a safe-harbor procedure that taxpayers may follow for determining the deduction for depreciating passenger vehicles when they are eligible for 100% bonus depreciation but are also subject to the Sec. 280F limits on deductions for luxury automobiles.
Posted: February 13, 2019, 8:05 pm
The International Auditing and Assurance Standards Board has proposed new rules designed to ensure that engagement quality reviews maintain their effectiveness.
Posted: February 12, 2019, 9:45 pm
The challenges associated with FASB’s new revenue recognition standard have been substantial for many companies, but at least they’re gaining valuable data and process improvements as a result of the implementation.
Posted: February 11, 2019, 7:05 pm
The IRS announced that it is expanding its identity protection personal identification number (IP PIN) program to taxpayers in seven additional states.
Posted: February 8, 2019, 5:55 pm
FASB proposed providing an option to measure certain types of assets at fair value, a change aimed at making the transition to its new credit losses standard easier.
Posted: February 6, 2019, 7:00 pm
The IRS posted guidance for the public explaining how it will be operating now that the shutdown has ended, to catch up on its backlog in audits, collections, tax return processing, and Tax Court cases.
Posted: January 30, 2019, 7:55 pm
The partial shutdown of the federal government ended just in time to allow the full IRS workforce to return to work for the start of tax season.
Posted: January 28, 2019, 3:24 pm
The partial government shutdown and uncertainty about its effects dominated the news as 2019 began. See how much you remember from recent news reports with this short quiz.
Posted: January 24, 2019, 1:00 pm
The AICPA’s Personal Financial Satisfaction Index (PFSi) declined for the first time in two years in the fourth quarter of 2018, largely due to the stock market’s end-of-year downturn.
Posted: January 24, 2019, 12:00 pm
Practitioners should be aware of changes to the due-diligence requirements for returns that claim the earned income tax credit, the American opportunity tax credit, and/or the child tax credit.
Posted: January 23, 2019, 9:50 pm
Determining the right amount of packaging specialization helps management accountants balance customer preferences with cost-effectiveness.
Posted: January 23, 2019, 7:30 pm
The package includes final regulations, guidance on how to calculate W-2 wages, a safe-harbor rule for rental real estate businesses, and new proposed rules on the treatment of previously suspended losses.
Posted: January 23, 2019, 12:32 am

The Tax Adviser News

Latest News from The Tax Adviser

The IRS posted a draft of a form that affected taxpayers will submit with their 2019 tax returns showing how they computed their qualified business income (QBI) deduction under Sec. 199A.
Posted: February 15, 2019, 8:30 pm
The IRS issued a safe-harbor procedure that taxpayers may follow for determining the deduction for depreciating passenger vehicles when they are eligible for 100% bonus depreciation but are also subject to the Sec. 280F limits on deductions for luxury automobiles.
Posted: February 13, 2019, 8:10 pm
The IRS announced that it is expanding its identity protection personal identification number (IP PIN) program to taxpayers in seven additional states.
Posted: February 8, 2019, 6:30 pm
The IRS posted guidance for the public explaining how it will be operating now that the shutdown has ended, to catch up on its backlog in audits, collections, tax return processing, and Tax Court cases.
Posted: January 30, 2019, 8:00 pm
The partial shutdown of the federal government ended just in time to allow the full IRS workforce to return to work for the start of tax season.
Posted: January 28, 2019, 3:30 pm
Practitioners should be aware of changes to the due-diligence requirements for returns that claim the earned income tax credit, the American opportunity tax credit, and/or the child tax credit.
Posted: January 23, 2019, 10:00 pm
The package includes final regulations, guidance on how to calculate W-2 wages, a safe-harbor rule for rental real estate businesses, and new proposed rules on the treatment of previously suspended losses.
Posted: January 23, 2019, 12:45 am
The relief applies to individuals whose tax withheld and estimated tax payments equal at least 85% of the tax shown on their 2018 tax return.
Posted: January 17, 2019, 7:30 pm
The IRS finalized proposed regulations issued last August on the new transition tax, which generally taxes the accumulated post-1986 deferred foreign income of a corporation.
Posted: January 16, 2019, 10:15 pm
The IRS issued an updated contingency plan outlining how it will function during tax season.
Posted: January 15, 2019, 11:00 pm
The IRS announced that its Free File program, which provides free electronic filing options to moderate-income taxpayers, opened Jan. 11 and will operate through Oct. 15.
Posted: January 11, 2019, 10:00 pm
The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.
Posted: January 8, 2019, 2:55 am
Jeff Bilsky, CPA, senior practice leader for BDO’s national partnership taxation group, sat down recently for a question-and-answer session on guidance that has been issued on the Sec. 199A qualified business income deduction.
Posted: December 20, 2018, 7:30 pm
A partial government shutdown at midnight on Friday would affect the IRS, which has not been fully funded for fiscal year 2019.
Posted: December 19, 2018, 8:15 pm
The IRS released guidance on the standard mileage rate for business, medical and certain moving expenses incurred in 2019.
Posted: December 14, 2018, 7:45 pm