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Internal Revenue Service

Things are changing, the new 'much shorter' 1040 Form is replacing the old 1040, 1040-A and 1040-EZ. The question is, are you ready for a new, shorter form? more

Tax & Practice Management

The IRS has issued interim guidance on Meals and Entertainment in connection with the Tax Cuts and Jobs Act of 2017. This article provides a summary of that interim guidance and links for related content and other source information. more

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In a statement responding to last Friday's 'unveiling' of the new IRS Form 1040 under streamlined 'tax simplification', Intuit affirms that they would be "ready to deliver the new 1040...to taxpayers." more

Tax & Practice Management 1 Comments

Did you know there is something called the W-2 Verification Code Program? Contributing Author Beverly Lang tells you all about it. more

Payroll & Merchant Services

AICPA Asks IRS to Revise Accounting Method Change Procedures

The American Institute of CPAs recently sent a letter to the Internal Revenue Service with three recommendations on the accounting method change. See what they are. more

Aug 24, 2017 5:00 PM From The Editor

Outages for the Internal Revenue Service's e-Services will occur this month as it enters the final stages of a technology upgrade. more

People & Business

Part 4 of our '2016 Most Powerful Women in Accounting' series features Joe Woodard and Dawn Brolin, managing member of Powerful Accounting, on the importance of adding niche services to your firm. more

Training Center

Rick Roddis, president of ComplyRight Distribution Services, goes inside why today's employers are switching from time-consuming, traditional paper filing to e-filing. more

People & Business

Tax-related filings for the end of the year are due even sooner than before. Are you ready for the new deadlines? more

Tax & Practice Management

As part of our miniseries on 'Accounting for Assets,' we begin our summary of MACRS Depreciation for Income Tax purposes. more

Tax & Practice Management

As part of our miniseries on 'Accounting for Assets,' this week’s 'Accounting Tips Tuesday' examines IRS Section 179 Expense Deductions. more

General Ledger

This week, our mini-series on assets examines two additional textbook methods for book-value depreciation. more

General Ledger

In the third part of our 'Accounting for Assets' miniseries, we examine the differences between 'book' and 'tax' depreciation, as well as some of the classic textbook methods of book-value depreciation. more

General Ledger

Today’s article discusses the instances in which a partnership or limited liability company treats its partners or members as employees even though tax law prohibits this practice. more

People & Business 1 Comments

The importance and benefits of establishing an LLC can be completely overshadowed by the negligence of not making the correct entity taxation election. This article is focused on assisting you in making the correct election. more

People & Business

The Internal Revenue Service has issued regulations or notices of regulations regarding ObamaCare for the second day in a row. more

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On December 16, 2015 Internal Revenue Service officials provided additional answers related to the Patient Protection and Affordable Care Act, better known as ‘Obamacare’. more

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Forewarned is forearmed. Be on the watch for this year's tax fraud schemes. Rob Shaff, IA's resident tax author reveals two of the newest cons that scam artists will attempt to rip you off while making you think it's the IRS doing it. more

Tax & Practice Management

Under the Affordable Care Act, Employee Payment Plans are forbidden. Beginning January 1, 2014, an employer is subject to a $100 per day/per employee penalty for continuing to use an EPP. more

Tax & Practice Management

IRS penalty patches issued today could temporarily relieve some employers from PPACA fines if they have been using employer payment plans to pay for employee health benefits. more

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