The Future of the Child Tax Credit
With many provisions of the 2017 Tax Cuts and Jobs Act (TCJA, P.L. 115-97) set to expire at year end and …
Can Our DCAP Reimburse Application Fees, Deposits, and Similar Expenses?
QUESTION: A DCAP participant has asked to be reimbursed for an application fee paid to a day-care center. Can our …
Centralized Partnership Audit Regime Muddied by IRS Uncertainty, Expert Says
The future of the IRS’ plans and ability to enforce partnership tax compliance pursuant to now 10-year-old legislation is uncertain …
IRS Updates Guidance on Domestic Content Bonus Credit
The IRS has issued a notice that provides a new elective safe harbor for the Domestic Content Bonus Credit and …
PCAOB Criticizes Deloitte, Grant Thornton for Quality Control Issues for Fourth Year in a Row; Flags Deficiencies at 16 Firms
The Public Company Accounting Oversight Board (PCAOB) has criticized Deloitte & Touche LLP and Grant Thornton LLP for failing to …
‘Bitcoin Jesus’ Hopes for Trump Pardon, Denies Fugitive Claim
An early Bitcoin adopter facing extradition to the U.S. for criminal tax fraud charges urged President Trump for assistance while …
Arizona Supreme Court Allows Negative Valuation of Electric Plant
By Maria T. Albanese The Supreme Court of Arizona held that the valuation for a reduced plant in service cost …
New Coalition Targets Republican Tax Plans
As House Republicans left Miami without a firm plan to extend expiring provisions of the 2017 Tax Cuts and Jobs …
Draft Bill Aims to Strengthen Taxpayer Rights
Top Senate taxwriters released draft legislation Thursday that they say would “improve the taxpayer experience” — included are proposals to …
Exempt Org Foreign Reporting Forms Burdensome, IRS Told
Several organizations responded to an IRS request for comment on filing obligations of tax-exempt entities to say that three forms …