TAXATION

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.

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.

Resources for Upcoming Extended Filing Deadlines
 

Resources for Upcoming Extended Filing Deadlines

Posted: September 3, 2019
The AICPA Tax Policy & Advocacy and State Legislation teams have prepared resources for states that are affected by the continuing implementation of the federal Tax Cuts and Jobs Act.


5 Steps to Protect Client Data
 

5 Steps to Protect Client Data

Posted: August 23, 2019
Despite major progress against identity and data theft, these threats still happen. This checklist includes things tax pros can do now to prevent and recognize data theft and steps to follow if they do experience a data breach.

IRS Warns of New Impersonation Email Scam
 

IRS Warns of New Impersonation Email Scam

Posted: August 22, 2019
The IRS this week detected this new impersonation email scam. The email subject line may vary, but recent examples use the phrase “Automatic Income Tax Reminder” or “Electronic Tax Return Reminder.”


10 Signs of Client Data Theft
 

10 Signs of Client Data Theft

Posted: August 6, 2019
​Tax professionals need to learn the tell-tale signs that their office may have experienced a data theft that resulted in fraudulent tax returns being filed in their clients’ names.

Desk  Audits — More Common Than You Might Think
 

Desk Audits — More Common Than You Might Think

Posted: August 2, 2019
While the New Jersey Division of Taxation audit workforce has not seen a reduction on par with the IRS, it conducts a significant number of desk audits. The New Jersey Division of Taxation focuses most of its desk audits on the resi­dent credit claimed for taxes paid to other jurisdictions.

The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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