Appendix 1 Bankruptcy/InsolvencyComparison of Old and New Law
The Toolkit Companion Disc to the Accountant's Business Manual Supplement 48 contains an error. Bankruptcy/Insolvency Appendix 1, Comparison of Old and New Law, was one of the appendix files that was mistakenly omitted from the 2011-2012 CD, which would have been included with your supplement...
Published on February 02, 2012
Exhibit 1 Form 1040NR foreign national questionnaire
Published on February 12, 2010
Electronic Schedules K-1
The IRS issued rules partnerships must follow if they want to supply Schedules K-1 electronically
Published on April 01, 2012
Interpretations of SSTS No.1, Tax Return Positions
Recently issued revised and updated interpretations of the AICPA’s SSTS No.1, Tax Return Positions, provide guidance to practitioners on tax reporting standards when recommending return positions or preparing or signing returns
Published on May 01, 2012
Careful Analysis Required for Potential Regs. Sec. 1.752-7 Liabilities
Regs. Sec. 1.752-7 defines what constitutes a 1.752-7 liability, how these liabilities are treated when assumed by the partnership or another partner, and the impact of a later...
Published on April 01, 2010
FATCA Withholding on Payments to Nonfinancial Foreign Entities A Broad New Requirement
Beginning July 1, 2014, U.S. taxpayers that have nothing to do with financial services will be required to collect, analyze, document, and report information regarding payments to both foreign financial institutions...
Published on October 01, 2013
Customer Reward Programs Deducting Fulfillment Costs Prior to Economic Performance
Regs. Sec. 1.451-4 provides a narrow exception to the economic performance rules that allows accrual-basis taxpayers who issue premium coupons (or trading stamps) to deduct the estimated fulfillment cost...
Published on August 01, 2012
Exchange of Shares in ISO Exercise
Under Regs. Sec. 1.6045-1(d)(2), which requires that broker statements disclose securities’ adjusted basis beginning January 1, 2011, basis tracking of ISOs is more relevant than ever
Published on October 01, 2011
IRS Revises Sec. 179 Expensing Amounts to Reflect HIRE Act Changes
On June 1, the IRS issued revised inflation-adjusted numbers to reflect the extension of the increased Sec. 179 expensing amount for 2010 (Rev. Proc. 2010-24
Published on August 01, 2010
IRS Publishes FAQs on Small Business Health Care Credit
On April 1, the IRS published on its website 22 questions and answers about the new small business health care tax credit
Published on June 01, 2010