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Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More

Compliance Monitoring Obligations of Low-Income Housing Credit Agencies Finalized

Final regulations relating to the low-income housing tax credit revise and ... Read More

Senators Introduce Bipartisan Craft Beverage Modernization and Tax Reform Bill

Senators have introduced a bipartisan bill specifically tailored to reduce ... Read More

Opportunity Zone’s Tax Writers, Stakeholders Criticize IRS’s 50-Percent Locational Rule

The IRS’s proposed 50-percent gross income locational rule on the active ... Read More

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IRS Postpones Canceling Tax Transcript Faxing Service After Grassley, Wyden Urge Delay

By: Annemarie Aguanno, CPA, Senior Audit/Tax Manager

The IRS has said that it is postponing its plan to discontinue faxing taxpayer transcripts. The IRS statement came on the heels of a letter sent earlier this week from bipartisan ... Read More

Wyden Urges Treasury, IRS to “Do More” to Waive Underpayment Penalties

By: Steve Grgas, Partner

The Senate’s top Democratic tax writer is calling on the IRS and Treasury to further waive underpayment penalties for the 2018 tax year. Nearly 30 million taxpayers are expected to have ... Read More

Regulations to be Issued on Controlled Foreign Corporations’ Previously Taxed Earnings and Profits

By: Thomas Zanata, CPA

The IRS and the Treasury intend to provide regulations that will address issues affecting foreign corporations with previously taxed earnings and profits (PTEP). The regulations are in response to changes made by the ... Read More