­

September 2018

IRS Releases Guidance for Section 199A Pass-Through Deduction

The IRS has released long-awaited guidance on new Code Sec. 199A, commonly known as the "pass-through Read more [...]

Proposed Regs on Pass-Through Deduction Generate Mixed Reviews

The IRS’s proposed pass-through deduction regulations are generating mixed reactions on Capitol Read more [...]

Brady Unveils Tax Reform 2.0 Framework

The House’s top tax writer has unveiled Republicans’ "Tax Reform 2.0" framework. The framework Read more [...]

Senate Panel Examines IRS Administration; Congress Works Toward Bipartisan IRS Reform

The IRS faces numerous challenges, most of which are attributable to funding cuts, the National Taxpayer Read more [...]

Senate GOP Tax Writers Clarify Intent on Certain Tax Reform Provisions

Senate Finance Committee (SFC) Republicans are clarifying congressional intent of certain tax reform Read more [...]

AICPA: Immediate Guidance Needed on S Corporation Issues

Taxpayers and practitioners need clarity on certain S corporation issues by next tax filing season, Read more [...]

August 2018

Senate Finance Committee Approves IRS Commissioner Nominee

The Senate Finance Committee (SFC) advanced President Donald Trump’s nomination of Charles Rettig Read more [...]

Trump, House GOP Lawmakers Discuss Tax Cuts 2.0

President Donald Trump and House GOP tax writers discussed "Tax Cuts 2.0" in a July 17 meeting Read more [...]

Ways and Means GOP, White House Crafting Tax Cut 2.0 Outline

House Republicans and the Trump Administration are working together to craft a tax cut "2.0"outline, Read more [...]

Wyden Report Critiques GOP’s Tax Reform

The Senate Finance Committee’s (SFC) leading Democrat has released a report critiquing Republicans’ Read more [...]

Tax Reform Hurts Homeowners, House Democratic Report Says

Homeowners will be hurt financially by last year’s tax reform, according to a new House Democratic Read more [...]

Final Regulations Target Tax-Motivated Inversion Transactions

The IRS has issued final regulations that target tax-motivated inversion transactions and certain Read more [...]

Tax Preparer’s Obstruction Conviction Vacated

The Fifth Circuit vacated a tax preparer’s conviction for obstructing tax administration. The conviction Read more [...]

National Taxpayer Advocate Releases Mid-Year Report

National Taxpayer Advocate Nina E. Olson has released her mid-year report to Congress. The report Read more [...]

July 2018

Flaherty Salmin CPAs Feature Story in Affordable Housing News

Check out the feature story on Flaherty Salmin CPAs in the Summer edition of the trade magazine Affordable Read more [...]

Brady Expects “Phase Two” Tax Reform Outline by August

A "phase two" tax reform outline could be unveiled by House GOP tax writers by August. Republicans Read more [...]

Senate, House Lawmakers Introduce Bipartisan Historic Rehabilitation Credit Bill

A bipartisan group of House and Senate lawmakers have introduced companion Historic Rehabilitation Read more [...]

June 2018

Section 199A Passthrough Guidance Expected in July, Kautter Says

The IRS expects to issue guidance on the Code Sec. 199A passthrough deduction in July, Acting IRS Commissioner Read more [...]

Focus Remains on Tax Reform

Congressional lawmakers on Capitol Hill continue to focus on tax reform. Republicans and Democrats alike Read more [...]

Mnuchin, Kautter Testify Before Senate Committee on Outdated IRS Technology

The IRS’s "Achilles’ heel" is using outdated software originating from the 1960s, Acting IRS Commissioner Read more [...]

Regs Clarified In Response to Suit Over ACA Emergency Services Rules

The Treasury Department and the IRS, along with the Department of Labor and the Department of Health Read more [...]

IRS Outlines New Five-Year Strategic Plan

The IRS has issued a new five-year strategic plan to guide its programs and operations and to help meet Read more [...]

LB&I Rolls Out Additional Issue-Based Compliance Campaigns

The IRS Large Business and International (LB&I) Division has identified and selected six additional compliance Read more [...]

Life Insurance Transfer Transition Guidance Planned

The IRS intends to provide guidance on the new information reporting obligations for certain life insurance Read more [...]

May 2018

2018 Best of Accounting Award

Flaherty Salmin CPAs Earns Inavero’s 2018 Best of Accounting™ Award for Client Service Excellence ROCHESTER, Read more [...]
Load More Posts