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July 26, 2019

DAILY BRIEFING

8 summertime to-dos for tax practices

By Daniel Hood, Roger Russell

With the spring tax deadline behind us and the fall deadlines looming, now is a good time to work on the firm.

Tax Fraud Blotter: What so proudly we stole

By Jeff Stimpson 7 min read

Not so Smart; The Kings are dead; sick ideas; and other highlights of recent tax cases.

IRS grants extension for partnerships to file superseding Form 1065 for centralized audits

By Michael Cohn 2 min read

The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1.

Private companies can learn from public company implementations of the lease accounting standard

By Jeanne McGovern, Mark S. Davis, Sean Torr

By the end of this year, as much as $3 trillion in lease liabilities will have landed on the balance sheets of our nation’s public companies.

Giuliani says he had to borrow from Trump lawyer to pay taxes

By Erik Larson 3 min read

Rudy Giuliani said he was forced to borrow $100,000 from President Donald Trump’s lawyer Marc Mukasey to pay his taxes after his wife tied up a joint bank account in their bitter divorce case.

House unanimously approves LGBTQ fix to tax code

The legislation would remove language like “husband” and “wife” from the tax code to accommodate same-sex couples and let them claim pre-2013 tax refunds.

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Personal financial satisfaction on the rise, says AICPA

By Michael Cohn 3 min read

Record-setting stock market highs are helping fuel personal financial satisfaction for U.S. consumers.

Trump seeks order blocking House from asking for tax returns

By Andrew Harris 2 min read

President Donald Trump asked a federal judge for an emergency order keeping House Democrats from getting — or even asking for — his New York State tax returns.

3 ways auditors can help companies prepare for an 'IPO window'

By Patrick Garrett, Zac McGinnis 5 min read

Despite the many factors beyond a company’s control when going public, management can take steps to prepare for a pricing window and successfully time an IPO.

How will you shape your future?

By Natasha Stough 3 min read

On this #NationalInternDay, what can you start doing now to help you find an internship that’s more than just a line on a resume?

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