AccountantsWorld Daily News A Lesson In S-Corporation Basis Taught By The Courts With a Big Olâ Southern Grin (CPA Practice Advisor) - The way that I was taught basis in an S-Corporation, was if a shareholder started a business with $10,000, those funds would be added to their Paid in Capital (PIC) Account, and that would be the shareholderâs beginning basis. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES AICPA Issues Nonauthoritative Guidance for Payroll Audits (JofA) - The AICPA recently issued nonauthoritative guidance relating to multiemployer plan payroll compliance services when a practitioner is engaged to perform payroll compliance procedures... Interest Rates Remain the Same in the Third Quarter of 2018 (IRS) - Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. How to Create an Effective PC Lifecycle Policy (TechTarget) - For IT to master enterprise PC management, it must weigh the productivity needs of its organization and employees against the costs of purchasing new PCs. Landlords Are Practically Giving Malls Away (Bloomberg) - As they battle the rise of e-commerce, U.S. mall owners are trying to clear their books of fading centers so they can focus on the most-profitable ones. Thatâs proving difficult, with just a shallow pool of investors who are willing to take on a declining mall. Taxation A Lesson In S-Corporation Basis Taught By The Courts With a Big Olâ Southern Grin Interest Rates Remain the Same in the Third Quarter of 2018 Tax Havens Blunt Impact Of Corporate Tax Cuts Accounting/Audit AICPA Issues Nonauthoritative Guidance for Payroll Audits Business News Landlords Are Practically Giving Malls Away IHOP Name Change Gets Mocked by Wendyâs Interest Rates are About to Rise Again | TOP 5 MOST READ A Lesson in Tax Basis Taught to us by Almond Trees, of All Things IRS Identity Theft Victim May Have Asked For Money Back Too Late Draft 2019 Form W-4 and Instructions Posted Request Highlights Need For More Tax Guidance On Cryptocurrency Divorce: What Tax Reform Means for Alimony Deduction TOOLS OF THE TRADE Financial Calculators Business Forms & Letters e-BREAKS Will it Blend Silly Putty | This is not unsolicited mail. As a part of our commitment to help accountants advance their practices we offer the widest range of the most useful tools and resources FREE to accountants. As a term of membership, you agreed to receive such communication. However, if you wish to unsubscribe to this service, please click on the unsubscribe link. Privacy | Click Here To Unsubscribe |Feedback © Copyright 1999-2011 AccountantsWorld LLC. 140 Fell Court, Hauppauge NY - 11788, USA. All rights reserved. |