Monthly Archives: February 2019

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Taxpayers will file QBI deduction computation with IRS next year

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.
Source: Tax News
Read More here – Taxpayers will file QBI deduction computation with IRS next year


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Taxpayers will file QBI deduction computation with IRS next year

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.
Source: JOA News
Read More here – Taxpayers will file QBI deduction computation with IRS next year


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FASB addresses deferred revenue in business combinations

FASB took a step forward in resolving challenges in its rules for recognizing and measuring deferred revenue in business combinations.
Source: JOA News
Read More here – FASB addresses deferred revenue in business combinations


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Clients’ top retirement fear: Running out of money

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.
Source: JOA News
Read More here – Clients’ top retirement fear: Running out of money


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Bonus depreciation safe-harbor rules for vehicles issued

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.
Source: Tax News
Read More here – Bonus depreciation safe-harbor rules for vehicles issued


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Bonus depreciation safe-harbor rules for vehicles issued

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.
Source: JOA News
Read More here – Bonus depreciation safe-harbor rules for vehicles issued


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IAASB aims to enhance engagement quality reviews

The International Auditing and Assurance Standards Board has proposed new rules designed to ensure that engagement quality reviews maintain their effectiveness.
Source: JOA News
Read More here – IAASB aims to enhance engagement quality reviews


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Finding value in revenue recognition implementation

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.
Source: JOA News
Read More here – Finding value in revenue recognition implementation


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Identity protection PIN program expands

The IRS announced that it is expanding its identity protection personal identification number (IP PIN) program to taxpayers in seven additional states.
Source: Tax News
Read More here – Identity protection PIN program expands


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Identity protection PIN program expands

The IRS announced that it is expanding its identity protection personal identification number (IP PIN) program to taxpayers in seven additional states.
Source: JOA News
Read More here – Identity protection PIN program expands