News

Additional Regulations Released on New 100-Percent Depreciation
 

Additional Regulations Released on New 100-Percent Depreciation

Posted: September 13, 2019
The Treasury Department and the IRS have released final regulations and additional proposed regulations under section 168(k) of the Internal Revenue Code on the new 100-percent additional first-year depreciation deduction that allows businesses to write off most depreciable business assets in the year they are placed in service by the business.

Free CPA Exam Webcast
 

Free CPA Exam Webcast

Posted: September 13, 2019
Get answers to your CPA Exam questions from the AICPA and the National Association of State Boards of Accountancy during a free webinar on Sept. 19.


State Board Adopts New Regulations
 

State Board Adopts New Regulations

Posted: September 12, 2019
On Sept. 3, the New Jersey State Board of Accountancy adopted new regulations impacting the CPA profession, licensing and registered CPA firms. The changes, which are effective immediately, address areas such as the technical CPE credit requirement, new formats for CPE and peer review exemption requests.

New Jersey Provides 30-Day Penalty Relief for Corporations
 

New Jersey Provides 30-Day Penalty Relief for Corporations

Posted: September 9, 2019
The New Jersey Division of Taxation will automatically waive the late filing penalty for corporation business taxpayers with a properly extended federal return due date of Oct. 15, 2019, if the return is filed by Nov. 15, 2019.

New IRS Procedures Help Expats Become Tax Compliant
 

New IRS Procedures Help Expats Become Tax Compliant

Posted: September 6, 2019
The Relief Procedures for Certain Former Citizens apply to individuals who have not filed U.S. tax returns as U.S. citizens or residents, owe a limited amount of back taxes to the United States and have net assets of less than $2 million.

Proposed Regs Would Provide Relief for Certain Tax-Exempt Organizations
 

Proposed Regs Would Provide Relief for Certain Tax-Exempt Organizations

Posted: September 6, 2019
The proposed regulations reflect statutory amendments and certain grants of reporting relief announced by the Treasury Department and the IRS in prior guidance to help many tax-exempt organizations generally find the reporting requirements in one place.