AccountantsWorld Daily News
TOP STORY
Sponsored by
Senate Tax Bill Full of Minefields for Taxpayers
(Accounting Today) - “Hidden in the Senate bill was an elimination of the adequate identification rules,” he said. “Adequate identification basically says that if you sell a security, and you’ve got two tranches, a low-basis and a high-basis tranche, you can pick the one that you want to sell.
ADVERTISEMENT
Share our news via Twitter and Facebook, on your personalized news page.
MORE HEADLINES
Collecting Gross-Up Damages For Taxes In Litigation Gets Easier
(Forbes) - Can plaintiffs collect damages in litigation for additional taxes they owe because of the defendant’s actions? Historically, some courts have been reluctant to ‘gross-up’ a plaintiff’s damages for taxes.
U.S. Department of Labor Proposal Gives Freedom to Share Tips Between Traditionally Tipped and Non-Tipped ...
(Department of Labor) - Under the proposed rule, workplaces would have the freedom to allow sharing of tips among more employees. The proposal would help decrease wage disparities between tipped and non-tipped workers – an option that is currently restricted by a rule promulgated in 2011 that has been challenged in a number of courts.
Free Online CPE Conference Dec. 7 - Earn 1-10 Hours of CPE in One Day
(CPA Practice Advisor) - If you want to gift your low-basis shares to avoid paying the tax on the gain, you can choose to gift your low-basis shares and keep your high-basis shares. In 2018 you’re not going to have that option.
Best Power Banks of 2017: The Top USB Portable Chargers for Your Phone
(PC World) - Just search Amazon for “portable battery” and you’re bound to feel overwhelmed. Besides the various charging specs, ports, and even cables you have to consider, there are a ton of competing brands.
e-BREAKS

Making Pizza in Space