The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act. | IRS finalizes 100% bonus depreciation rules | | By Michael Cohn 2 min read | | The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act. | |
| IRS says lenders don’t need to report PPP loan forgiveness | | By Michael Cohn 1 min read | | The Internal Revenue Service said Tuesday that lenders who make Paycheck Protection Program loans that are later forgiven under the CARES Act should not file information returns or furnish payee statements to report the forgiveness. | |
| Tax Fraud Blotter: Foul ball | | By Jeff Stimpson 5 min read | | Difficult and complex; $4,000 tax on $2 million; little horse sense; and other highlights of recent tax cases. | |
| CCH Axcess e-filing goes down on tax deadline | | By Ranica Arrowsmith 1 min read | | Tax preparers started noticing e-filing was not functional on Tuesday, September 15, with some receiving a message saying the system was experiencing “temporary filing errors.” | |
| WEB SEMINAR | | Improve client collaboration and add high value services via a cloud-based mobile workforce | | As we continue to navigate the COVID-19 pandemic and various work from home protocols, we invite you to join this one hour, CPE accredited panel discussion to learn how firms of all sizes can utilize cloud-based software to enhance client relationships and improve staff collaboration. By taking steps now to learn about the solutions available, you’ll position your firm for productivity and efficiency gains that will translate into new revenue streams via tax planning and consulting services. | |
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