Form 4797 – Sale of Assets: The Good, The Bad and The Ugly
Form 4797 generally reports the sale of assets utilized in a trade or business as described in IRC §1231, but…
AICPA Seeks a New Tax Form to Improve S-Corp Shareholder Compliance With Basis Rules
The AICPA is seeking a new tax form to improve S-corp shareholder compliance with basis rules, but will it resolve…
Relief From QSEHRA Notice/Penalty Requirements Indefinitely Extended
It’s the season of healthcare limbo, but sometimes limbo can be good. On February 27, in Notice 2017-20, the IRS…
(Video) Forbes’ Tony Nitti On Why You Can Never Be Too Prepared for Tax Reform
Though many of the details remain unclear, there's a general consensus that tax reform is on its way. Forbes' tax…
What Does it Mean to Have a Segregation of Duties?
As CPAs, we toss out the phrase segregation of duties quite a bit. But what does it mean? More importantly,…
(Video) Why 2017 is Not the Year to Put Off Your Federal Tax Update Requirement
With the amount of tax updates coming down the pipeline this year, Forbes tax policy blogger Tony Nitti, CPA, shares…
10 Items to Consider As You Adopt the New Lease Accounting Standard
ASU No. 2016-02, Leases (Topic 842), the new lease accounting standard, is here. In this post, we highlight 10 items…
4 Common Errors to Watch for Regarding Form 1098-T
Eligible educational institutions often file Form 1098-T. Should you receive this form, here are four common errors to watch for,…
2 Myths and 5 Tips For Middle Income Estate Planning*
Too often, middle income clients fail to seek the advice of a CPA because they’ve been taken in by two…
New Surgent Course Led by Forbes’ Tony Nitti Tackles Likely Tax and ACA Reform
With many details yet to be settled, timely new course series from Surgent will help CPAs and tax preparers orient…