News

Individual taxation: Report of recent developments

March 8, 2018

This semiannual review from The Tax Adviser covers recent developments in federal individual income tax, including issues of alimony, trade or business expenses, and recognition of loss, among many other topics.

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What the new revenue recognition rules mean for automakers

February 28, 2018

New revenue recognition accounting rules let Tesla reduce its accumulated deficit by $520 million pretax at the start of the year. This article reviews how the rules have affected the company, along with Ford and General Motors.

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Practitioners need immediate guidance on tax reform act, AICPA says

January 30, 2018

The IRS should issue immediate guidance in 39 areas affected by P.L. 115-97 (known as the Tax Cuts and Jobs Act), AICPA Tax Executive Committee Chair Annette Nellen said in a letter to the IRS and Treasury on Monday. She called on the IRS to issue immediate guidance to help both taxpayers and tax…