Author Archives: admin

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Regulations clarify bonus depreciation treatment

The IRS issued final regulations and new proposed regulations on the 100% bonus depreciation deduction that was amended by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Regulations clarify bonus depreciation treatment


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Regulations clarify bonus depreciation treatment

The IRS issued final regulations and new proposed regulations on the 100% bonus depreciation deduction that was amended by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Regulations clarify bonus depreciation treatment


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7 tips for adopting integrated reporting

As more companies latch on to the importance of long-term value creation, the International Integrated Reporting Council is offering them advice for producing integrated reports.
Source: JOA News
Read More here – 7 tips for adopting integrated reporting


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Corporations have short period to apply for IRS CAP program

The IRS announced that it is opening its Compliance Assurance Process (CAP) program to new applicants for the first time in years, but applications must be made between Sept. 16 and Oct. 31.
Source: Tax News
Read More here – Corporations have short period to apply for IRS CAP program


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FASB makes a second effort to improve balance sheet debt classification

FASB issued a reproposal that is designed to improve guidance used to determine whether debt should be classified as a current or noncurrent liability on a classified balance sheet.
Source: JOA News
Read More here – FASB makes a second effort to improve balance sheet debt classification


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Built-in gains and losses subject of new proposed regs.

The IRS issued proposed regulations that provide a safe harbor for corporations to calculate built-in gains and losses after an ownership change.
Source: Tax News
Read More here – Built-in gains and losses subject of new proposed regs.


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Proposed regs. clarify reporting requirements for tax-exempt organizations

The rulemaking mainly consolidates existing guidance in one location, but it also responds to a recent court decision that held invalid certain changes to donor-reporting requirements.
Source: Tax News
Read More here – Proposed regs. clarify reporting requirements for tax-exempt organizations


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Proposed regs. clarify reporting requirements for tax-exempt organizations

The rulemaking mainly consolidates existing guidance in one location, but it also responds to a recent court decision that held invalid certain changes to donor-reporting requirements.
Source: JOA News
Read More here – Proposed regs. clarify reporting requirements for tax-exempt organizations


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IRS offers expatriate tax relief

The IRS announced procedures to allow certain individuals who have renounced their US citizenship to get into compliance with their U.S. tax obligations and obtain relief for back taxes.
Source: Tax News
Read More here – IRS offers expatriate tax relief


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IRS offers expatriate tax relief

The IRS announced procedures to allow certain individuals who have renounced their U.S. citizenship to get into compliance with their US tax obligations and obtain relief for back taxes.
Source: JOA News
Read More here – IRS offers expatriate tax relief