Top 10 tax developments for 2017

Wednesday, December 21, 2016

For tax practitioners, one year always bleeds into the next. For 2017, carryover from 2016 not only includes the usual reporting and compliance issues related to the tax year just ending, but also those tax changes and issues begun in 2016 that are by no means finished at year’s end.

With that in mind,

Accounting Today

contributing tax columnists George Jones and Mark Luscombe of Wolters Kluwer put together a Top 10 list of changes from 2016 that will carry over into 2017.

You can see their full article, with in-depth discussion of each issue,

here

(Original source: link)

Distribution by former S corporation is part dividend

May 10, 2019

In Rev. Rul. 2019-13, the IRS ruled that a distribution to the sole shareholder of a C corporation was partly a recovery of the former S corporation’s accumulated adjustments account (AAA) and a taxable dividend for the remaining distribution. The company involved was originally a C c…

IRS changes maximum-vehicle-value rule

May 09, 2019

The IRS intends to revise its regulations to make them consistent with the recent statutory changes to the automobile price inflation adjustment in Sec. 280F(d)(7), which affect the vehicle value that applies when valuing employees’ personal use of employer-provided vehicles (Notice 20…

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