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Upcoming Events
Tax Practice
November 12, 2020
Upcoming Events November 12, 2020
Divided Congress may slow new tax legislation
By Roger Russell      5 min read
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IRS allows some businesses to skirt cap on state and local tax deductions
By Michael Cohn     2 min read
Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.
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Kavanaugh, Roberts signal inclination to keep Obamacare alive
By Greg Stohr, Lydia Wheeler and Kimberly Robinson     4 min read
Two key U.S. Supreme Court justices indicated they are inclined to uphold the bulk of the Affordable Care Act as the court weighed the fate of a landmark law that provides health-insurance to 20 million people.
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In the blogs: Changes upon changes
By Jeff Stimpson     2 min read
Biden’s plan; virtual currency question moves up; the magnificent seven audits; and other highlights from our favorite tax bloggers.
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IRS update: Getting ready for tax season
By Roger Russell
Stephen Mankowski of NCCPAP shares the service’s latest initiatives to prepare for 2021.
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GoFundMe donations may have tax consequences
By John Evans, Samantha Barbieri     5 min read
Contributions made through the crowdfunding platform can often fall into a gray area.
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SPONSOR CONTENT
A framework to understand the extent of your allowance build
An analysis on whether banks will keep building, maintain, or start releasing CECL allowance into Q3.
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IRS removes one of four options to correct foreign reporting
By Shannon Retzke Smith, Michelle Graham, Marsha Dungog and Kalley Willis     4 min read
Consider acting swiftly to correct international tax form mistakes.
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IRS improving e-filing and technology for tax-exempt orgs
By Michael Cohn     7 min read
The service is rolling out new systems and expanding forms that can be electronically filed by tax-exempt organizations.
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Avalara buys Businesses Licenses LLC for $97M
By Ranica Arrowsmith     2 min read
Business Licenses provides software and services for the research, acquisition and management of business licenses, registrations and permits for businesses of all sizes.
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Sotheby’s sued by New York for helping client avoid taxes
By Katya Kazakina and Chris Dolmetsch     2 min read
The auction house was accused of helping a wealthy shipping company owner avoid paying income taxes on artwork he purchased.
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RESOURCES
WEB SEMINAR
Cash is still king: 4 ways to bolster your bottom line
As businesses have now adapted to the “new normal” and are looking ahead to the new year, the focus returns to the bottom line – do we have enough cash to accomplish our objectives, and what can we do now to help ensure our long term success?
Learn More
WEB SEMINAR
Successful tips to get ready for tax season and maximize performance →
EBOOK
Navigating through change: Modify your leases to improve cash flow →
More Resources
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