| Meanwhile, the AICPA is working to come up with a uniform approach for the applications. | | | Just released | | The latest issue of Accounting Today, featuring the annual VAR 100 ranking. Download here. | |
|
| | |
| Tax Fraud Blotter: Laundry day → | | By Jeff Stimpson 5 min read | | Sentence stayed; stealing on multiple levels; the loot you took; and other highlights of recent tax cases. | |
| IRS issues final rules on FDII and GILTI deductions → | | By Michael Cohn 2 min read | | The Internal Revenue Service has released final regulations on deductions for two of the international tax regimes introduced under the Tax Cuts and Jobs Act of 2017: foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) for U.S.-based multinational corporations. | |
| AICPA modernizes audit evidence standard for technology use → | | By Michael Cohn 2 min read | | The American Institute of CPAs’ Auditing Standards Board has released a new standard for audit evidence for private companies, updating the existing standards in recognition of the increasing role that technology plays in audit procedures. | |
| Meet the 1099-NEC → | | By Lindsey West 3 min read | | Box 7 on the 1099-MISC is moving to its own form in January 2021, and companies need to be ready. | |
| Trump scorns court on tax rulings while records stay private → | | By Justin Sink 4 min read | | Donald Trump scored a tactical victory from the Supreme Court that will likely keep his personal financial records out of public view through the November election, but he framed Thursday’s two rulings as a loss imposed by his enemies. | |
| WEB SEMINAR | | The ‘no touch’ tax return | | The reality of a ‘no touch’ tax return is closer than you think, and the technologies available today can help your firm and your clients get closer to that ideal. Learn More → | |
|
|
