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Thanks Ricki , Yes it hurts the client... and me too since I gave first "different kind of news" to the client compared what's the correct end result. Unfortunately my tax program (Drake) does not ...
In 2017 one of my client acquired 70% share of Partnership in a Hotel and paid $500 K in Goodwill. I know I will have to do 2 tax returns because of Technical Termination which happened in 2017 Need ...
Has anyone out there had experience with a Charitable Remainder Trust? I am curious I have a client who is looking at moving a rental real estate into one as the building has been fully depreciated. ...
More than $31,000 awarded to 25 Students Nationwide The National Society of Accountants (NSA) Scholarship Foundation has awarded 25 students scholarships to continue their college education. Combined, NSA scholarships for 2018 totaled $31,200. ...
Today, during a meeting at the IRS, the head of the IRS Tax Reform Office told NSA EVP John Ams that the 199A regulations will be released in mid-July. In addition to the expected release date, EVP Ams was also informed that the regulations would be ...
Treasury Secretary Mnuchin announced the department will unveil a new Form 1040, U.S. Individual Income Tax Return, next week that will come in the shape of a postcard “as promised.” In the lead-up to the passage of the 2017 tax act ( Pub. L. No. ...
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