Alimony and the Tax Cuts and Jobs Act: Tax Implications of the New Law
The Tax Cuts and Jobs Act implemented in December 2017 will cause dramatic changes to the tax treatment of alimony…
The IRS Mailbox Rule for Tax Returns
No doormat rule akin to mailbox rule Undoubtedly, the grand majority of people reading this are aware the mailbox rule…
Deductions for Meals and Entertainment after Tax Reform
Prior to the Tax Cuts and Jobs Act, a meal incurred during, directly before or after a sporting event or…
Preparing for the Implementation of ASU No. 2016-14
Not-for-profit entities with 12/31/18 year-ends will be implementing ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities in their…
Tax Cuts and Jobs Act Amends Changing the Inflationary Adjustment Calculation from Utilizing“CPI index” to a “Chained-CPI index”
Hidden beneath the towering waves of the tax transformation tsunami commonly referred to as the “Tax Cuts and Jobs Act”…
Coming This Summer, a Revised Yellow Book
If you are a movie fan, you are likely looking forward to this summer’s releases of Solo, A Star Wars…
Adopting Topic 606: What Private Companies Can Learn From Public Business Entities’ Implementation of the New Revenue Standard
One of the best treats in life is to be able to learn from the challenges of others. For private…
Proposed Changes to Lease Accounting – Topic 842
As both public and private companies scramble to complete the new revenue standard, Topic 606, they should not lose track…
Home Equity Loan Interest Could Still be Deductible
The Service recently responded to widespread confusion surrounding changes made through the Tax Cuts and Jobs Act by announcing that…
IRS Recalculates HSA Family Coverage Deduction
Last week, IRS recalculated the previously released 2018 figures for Health Saving Account (HSA) family coverage deductions. Under the Tax…