My tax season checklists have been updated and are ready for you in a Word file so you can use them as you want.
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Tax Practice
January 28, 2020
Upcoming Events January 28, 2020
Art of Accounting: 120 free tax checklists
By Edward Mendlowitz      2 min read
My tax season checklists have been updated and are ready for you in a Word file so you can use them as you want.
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Americans to inherit $764B this year, mostly tax-free
By Ben Steverman      3 min read
One way the rich get richer is through inheritance, and they’re barely paying taxes on it.
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IRS kicks off official start of tax season
By Michael Cohn      5 min read
The Internal Revenue Service began accepting tax returns on Monday for tax season, while the Treasury Inspector General for Tax Administration highlighted the results of last year’s tax season.
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Tom Steyer would pay $18M more in taxes under Democrats’ plan
By Laura Davison      2 min read
The billionaire and Democratic presidential contender would pay $17.9 million more in annual taxes under a plan Democrats are considering should they sweep Congress and the White House in the 2020 election.
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Avalara adds 17 new app integrations
By Ranica Arrowsmith      2 min read
The new apps include accounting, enterprise resource planning, e-commerce, point-of-sale, mobile commerce and customer relationship management software applications.
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What are the potential tax advantages of the LLC, C corp and S corp?
By Nellie Akalp      4 min read
As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.
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Carbon tax won’t be necessary due to technology, Mnuchin says
By Jill Ward      2 min read
U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant.
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After France truce, U.S. faces new tech-tax threat in Europe
By Krystof Chamonikolas      2 min read
Having just persuaded France to hold off on a digital tax that would hurt its biggest technology firms, the U.S. is facing a similar threat from another part of Europe.
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Tax Fraud Blotter: A Porsche, a Jeep and a boat
By Jeff Stimpson      5 min read
Perfect mess; package deal; bad medicine; and other highlights of recent tax cases.
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Moving forward without a technical correction to QIP
By David McGuire      3 min read
A drafting error in the Tax Cuts and Jobs Act inadvertently removed Qualified Improvement Property from bonus eligible property. This was a mistake and a technical correction was expected. However, none was ever made.
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