The Internal Revenue Service issued final regulations last week on opportunity zone funds, but while they answer some of the questions, many other issues remain that are likely to prompt questions from tax clients.
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December 30, 2019
Upcoming Events December 30, 2019
Opportunity zones facing some headwinds despite new rules
By Michael Cohn      7 min read
The Internal Revenue Service issued final regulations last week on opportunity zone funds, but while they answer some of the questions, many other issues remain that are likely to prompt questions from tax clients.
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Avoiding penalties related to new tax capital basis requirements for partnerships
By Nick Preusch      3 min read
For tax year 2018 filings, the IRS made a drastic change to the Form 1065, U.S. Return of Partnership Income, that went unnoticed by most practitioners.
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People & firms on the move: Grant Thornton appoints COO, first transformation MP
By Danielle Lee
Rea & Associates completes annual Help Can Hunger competition; KPM promotes six; and more CPA news.
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The roles of the management and executive committees: Should an individual partner serve on both?
By Dom Esposito      5 min read
There is considerable dysfunction in many smaller firms when it comes to management and corporate governance.
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How to navigate mistakes and imperfection in the new year
By Amy Vetter      4 min read
It’s no surprise that accounting professionals tend to be exacting about their work.
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The top 10 developments in state tax in 2019
By Roger Russell
The TCJA and Wayfair continue to dominate the landscape.
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Can the world agree on taxes?
By Roger Russell      5 min read
New OECD proposals want to harmonize tax regimes around the globe.
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Tax Fraud Blotter: Thanks, mom
By Jeff Stimpson      5 min read
Foreign intrigue; stealing green; bringing it home; and other highlights of recent tax cases.
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IAASB revises standard for risk of material misstatement
By Michael Cohn      2 min read
The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements.
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Clawbacks lower business taxes, but provoke questions
By Michael Cohn      2 min read
Companies are using “clawbacks” to recover incentive compensation that was given to executives through erroneous financial reporting while lowering their effective tax rates, but clawback adoption could be having some negative consequences, according to a new study.
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