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Since the Tax Cuts & Jobs Act passed in December 2017, the IRS has issued numerous clarifications and updates on the provisions of the tax reform legislation. This article lists
In response to the Notice issued by the Internal Revenue Service (IRS) requiring taxpayers to adhere to federal tax law and its guiding concepts in deducting property tax payments on
The Internal Revenue Service (IRS) continues to provide guidance on the implementation of certain provisions within the Tax Cuts and Jobs Act. Nowhere is this guidance more prolific, and more
NetSuite has been recognized as a leader in Nonprofit Accounting by G2 Crowd, a leading peer-to-peer review platform for business software. Their research reports and vendor comparisons are based on
On May 25, 2018, The Internal Revenue Service issued Notice 2018-42, which has updated the earlier released Notice 2018-3, to reflect changes to the tax law made by the Tax
The U.S. Department of the Treasury and the Internal Revenue Service issued Notice 2018-54 advising taxpayers that proposed regulations will be issued addressing the deductibility of state and local tax
On May 10, 2018, the Pennsylvania Department of Revenue issued new guidance stating that a corporate taxpayer can calculate its 2007 through 2016 net operating loss (NOL) using the greater
The Tax Cuts and Jobs Act (TCJA), which was enacted in December 2017, included a new deduction for 20% of qualified business income passing through to equity owners from enterprises
The Internal Revenue Service regularly challenges businesses that are found to generate losses and do not have a profit intent. The specific statute that governs these challenges are known as
The Internal Revenue Service issued Rev. Proc. 2018-29 to provide an automatic consent procedure for taxpayers changing to a new accounting method under new standards issued by the Financial Accounting Standards
The Internal Revenue Service recently released confirmation that Section 15 of the Internal Revenue Code will apply to fiscal year corporations whose tax year “bridges” January 1, 2018 (the day
The Internal Revenue Service continues to provide additional guidance on the provisions included in the Tax Cuts and Jobs Act (TCJA), which was enacted in December 2017. The Service recently
