Members of the AICPA Tax Practice Management Committee discuss how firms can best prepare and adapt when partners retire.

Rules for signing the power-of-attorney form vary widely between partnerships audited under the Bipartisan Budget Act of 2015 ...

While expenditures may be qualified investments for the Sec. 48D advanced manufacturing investment credit, related grant ...

Applicability of sales and use taxes on digital products may in some cases hinge on the elusive definition of a computer ...

This article discusses the step-transaction doctrine, the three tests used to determine if it applies, and advice for taxpayers to help avoid an IRS challenge of the tax treatment of a series of ...

Guide to expensing HVAC costs Heating, ventilation, and air conditioning (HVAC) replacement costs can be significant expenses for businesses that own or lease real estate. Find out about how to ...

This article summarizes the options available to taxpayers to come into compliance with FBAR and information reporting obligations.

Every fall, students all over the country set off to attend various colleges and universities. With the rising cost of higher education, many of these students are looking forward to receiving some ...

This article focuses on the key tax and reporting areas applicable to revocable trusts and the associated planning and pitfalls that arise at the grantor’s death.

This article focuses on the potential criminal consequences that can arise when a business fails to collect or pay over withheld tax.

Under Sec. 6751(b)(1), many penalties cannot be assessed by the IRS before written managerial approval is obtained by the immediate supervisor of the person making the initial determination of the ...

Taxpayers whose overall tax position in a given year would benefit from accelerating gross income or from converting current deductions into capital expenditures should consider the elective ...