Category Archives: Uncategorized

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Ninth Circuit withdraws Altera opinion

The order announcing the withdrawal says it is being done “to allow time for the reconstituted panel to confer on this appeal.”
Source: JOA News
Read More here – Ninth Circuit withdraws Altera opinion


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IRS issues proposed regs. on 100% bonus depreciation

The IRS issued proposed regulations providing guidance on the new tax law’s amendments to Sec. 168(k), which increased bonus depreciation for qualifying property from 50% to 100%, generally effective for property acquired and placed in service after Sept. 27, 2017.
Source: Tax News
Read More here – IRS issues proposed regs. on 100% bonus depreciation


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IRS issues proposed regs. on 100% bonus depreciation

The IRS issued proposed regulations providing guidance on Sec. 168(k), which was amended by P.L. 115-97, known as the Tax Cuts and Jobs Act, to increase the allowable first-year depreciation deduction for qualified property from 50% to 100%.
Source: JOA News
Read More here – IRS issues proposed regs. on 100% bonus depreciation


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GASB proposes new rules for reporting conduit debt obligations

Under new rules proposed by GASB, state and local governments would use a single method to report conduit debt obligations and related obligations.
Source: JOA News
Read More here – GASB proposes new rules for reporting conduit debt obligations


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Proposed regs. address several transition tax issues

The IRS issued proposed regulations on the Sec. 965 transition tax that requires U.S. shareholders of deferred foreign income corporations to pay tax on post-1986 deferred income.
Source: Tax News
Read More here – Proposed regs. address several transition tax issues


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Proposed regs. address several transition tax issues

The IRS issued proposed regulations on the Sec. 965 transition tax that requires U.S. shareholders of deferred foreign income corporations to pay tax on post-1986 deferred income.
Source: JOA News
Read More here – Proposed regs. address several transition tax issues


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Quiz: Test your knowledge of employee benefit plan audits

How well do you know the basics of employee benefit plan auditing? Take this quiz and find out.
Source: JOA News
Read More here – Quiz: Test your knowledge of employee benefit plan audits


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2018 tax software survey: Individual product survey responses

Online-only: Contact information, basic packages and their features are shown below for the top seven products in the survey.
Source: JOA News
Read More here – 2018 tax software survey: Individual product survey responses


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New AICPA technical corrections clarify independence requirements

Technical corrections issued by the AICPA clarify the definition of “covered member” in the AICPA Professional Standards and the independence rules for agreed-upon procedure engagements under the Statements on Standards for Attestation Engagements.
Source: JOA News
Read More here – New AICPA technical corrections clarify independence requirements


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FASB attempts to make lease accounting implementation easier

FASB has issued targeted changes to its new lease accounting standard that are designed to make implementation easier and reduce costs for financial statement preparers.
Source: JOA News
Read More here – FASB attempts to make lease accounting implementation easier