Our Thoughts On

Sort by

Categories
Authors

Tax

Articles 1 - 10 of 501

Fraud Detection Filters Causing Delays in Some IRS Refunds

The IRS continues to place premium importance on the prevention of identity theft and non-identify theft refund fraud, but its implementation of process

Simplification of Accounting for Income Taxes – ASU 2019-12

The Financial Accounting Standards Board (FASB) issued ASU 2019-12 on December 18, 2019 based on recommended changes by stakeholders as part of the FASB’s

Propane and Compressed Natural Gas Tax Credits Reinstated – Refund Claims Can Be Filed Beginning on February 14, 2020

The IRS has provided helpful guidance on requesting refunds for the 2018 and 2019 years for the Alternative Fuel Credit (more commonly known as Propane

Tax-Exempt Organizations Receiving an Increased Number of IRS Notices

Within the past month, we’ve seen a significant number of tax-exempt organizations receive notices from the IRS for a multitude of reasons, many

Register to receive our weekly newsletter with our most recent columns and insights.

“Parking Tax” Repealed, But Still No Guidance on How to Claim Refunds

On December 20, 2019, the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (Act) repealed Internal Revenue Code Section 512(a)(7). Implemented as

Management and Performance Challenges for the IRS in 2020

Each year, the Treasury Inspector General for Tax Administration (TIGTA) evaluates IRS programs, operations, and management functions to identify the areas

Contractors Could Benefit from the 10% Election

As the compliance season for preparation of 2019 income tax returns kicks off, companies are likely looking for last-minute ways to lower their tax liabilities.

After the Auld Lang Syne: 2020 Estate Plan Resolutions

The ball has dropped, Auld Lang Syne's been sung, and we’ve all rushed out to sign up for that fitness membership that we've convinced ourselves

Register to receive our weekly newsletter with our most recent columns and insights.

Alternative Fuel Credit Extension Expected to Arrive Just Before Christmas

Many taxpayers in the transportation and manufacturing industries have been patiently waiting, like a child for Christmas, for an extension of the Alternative

Update: Halfway There – Tax Cuts and Jobs Act Guidance Catching Up

Planning for the 2019 tax season is in full swing now that the November 15 tax-exempt organization filing deadline has passed. In stark contrast to last

Register to receive our weekly newsletter with our most recent columns and insights.