CPA Never under estimate the value
The IRS issued final rules on the Sec. 245A extraordinary disposition rule and the Sec. 951A disqualified basis and disqualified payment rules, as well as reporting requirements to facilitate the rules.
Source: JOA News
Read More here – Final rules coordinate Sec. 245A and Sec. 951A
The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the PPP can deduct business expenses even when payment of those expenses results in loan forgiveness under the CARES Act.
Source: Tax News
Read More here – AICPA mobilizes members to push for deductibility of PPP-funded expenses
The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the Paycheck Protection Program can deduct business expenses even when payment of those expenses results in loan forgiveness under the CARES Act.
Source: JOA News
Read More here – AICPA mobilizes members to push for deductibility of PPP-funded expenses
The IRS issued rules on two special enforcement matters for purposes of the unified partnership audit rules.
Source: Tax News
Read More here – Centralized partnership audit regime changes proposed
The IRS issued rules on two special enforcement matters for purposes of the unified partnership audit rules.
Source: JOA News
Read More here – Centralized partnership audit regime changes proposed
The IRS has posted final regulations governing how tax-exempt organizations determine if they have more than one unrelated trade or business for purposes of unrelated business income tax.
Source: Tax News
Read More here – Final regs. govern computation of UBTI for separate businesses
The IRS has posted final regulations governing how tax-exempt organizations determine if they have more than one unrelated trade or business for purposes of unrelated business income tax.
Source: JOA News
Read More here – Final regs. govern computation of UBTI for separate businesses
Understanding of business processes and data analytics will receive greater focus while other topics will be de-emphasized on the CPA Exam.
Source: JOA News
Read More here – CPA Exam gets refresh after practice analysis
The IRS issued guidance for taxpayers who pay otherwise deductible expenses with PPP loan funds, stating that even if the payment and PPP loan forgiveness happen in different tax years, the expenses are not deductible.
Source: Tax News
Read More here – IRS doubles down on nondeductibility of PPP-funded expenses
The IRS issued guidance for taxpayers who pay otherwise deductible expenses with PPP loan funds, stating that even if the payment and PPP loan forgiveness happen in different tax years, the expenses are not deductible.
Source: JOA News
Read More here – IRS doubles down on nondeductibility of PPP-funded expenses
