AICPA asks IRS to provide penalty relief for repatriation of foreign earnings

The American Institute of CPAs says companies haven’t received enough guidance yet on a requirement of the new tax law.


IRS will allow contributions to state and local tax credit programs as deductible business expenses

The move will permit a workaround for businesses to the $10,000 limit on state and local tax deductions in in the Tax Cuts and Jobs Act.


Republicans weigh abandoning Tax Cut 2.0 after SALT backlash

GOP leaders may drop the effort for further tax legislation, fearing it could backfire by antagonizing voters in some hotly contested Congressional districts.


When will the dust from Wayfair clear?

The ramifications of the Supreme Court sales tax decision go on and on.


Tax Strategy: The alterations of Altera

The Ninth Circuit Court of Appeals recently withdrew an important decision following the death of a judge.


Small businesses need major tax help

A recent survey identifies several areas where biz owners could use some professional advice.


Trump touts benefit of capital gains break. Experts aren’t sold

Economists question how much the change would juice the economy, especially if the president tries to do it without Congress.


A mid-year tax update

NCCPAP’s Stephen Mankowski offers a tour of the top issues from the TCJA, changes to the 1040, and other major developments in tax.


Art of Accounting: Legacy clients and staff

I never had legacy staff but did have some legacy clients. This refers to staff and clients that I couldn’t fire or drop.