Oregon Tax Bill Includes IRC Conformity – Tax & Accounting Blog
The Oregon House passed a tax bill that updates the state’s Internal Revenue Code (IRC) conformity date. The bill would: update the conformity date to…
Illinois Introduces Marketplace Fairness Act – Tax & Accounting Blog
Illinois could require remote retailers to collect sales tax when they meet certain sales thresholds in Illinois. A bill providing for such thresholds, called the…
Georgia Enacts IRC Conformity Update, Rate Cuts – Tax & Accounting Blog
Georgia has adopted legislation that: updates the corporate and personal income tax federal Internal Revenue Code (IRC) conformity date to February 9, 2018, with certain…
Taxpayers’ Made Excess Roth IRA Contributions; Excise Tax Imposed (Mazzei, TC) – Tax & Accounting Blog
The taxpayers, not their Roth IRAs, owned foreign sales corporation (FSC) stock purchased by their Roth IRAs. The form of the Roth IRAs’ purchase of…
Ways and Means Democrats Criticize IRS of Overreach – Tax & Accounting Blog
House Ways and Means Democrats, in a March 5 letter to Acting IRS Commissioner David J. Kautter, criticized the Service’s interpretation of certain provisions within…
Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year
It was another crazy news week, so it’s understandable if you missed a small but important announcement from the Treasury Department: The federal government is…
Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year
It was another crazy news week, so it’s understandable if you missed a small but important announcement from the Treasury Department: The federal government is…
The Tax Cuts and Jobs Act of 2017 Opens New Tax Planning Revenue Opportunities – Tax & Accounting Blog
Tax Season 2018 is in full swing, and tax and accounting professionals across the country are extremely busy. They’re sifting through source documents, interviewing clients,…
CCH Axcess Satisfaction Survey Uncovers Benefits of Integration – Tax & Accounting Blog
Firms can save up to 800 minutes per year or more, according to a CCH Axcess Satisfaction Survey, the results of which are now available…
IRC Conformity Bill Passes Ohio House – Tax & Accounting Blog
The Ohio House has passed an IRC conformity bill. The bill incorporates federal tax law changes taking effect after March 30, 2017. The changes incorporated…