The new tangible property regulations in effect for 2014 and later years mostly frustrate tax accountants and mostly confuse small businesses and real … [Read more...] about Partial Dispositions and the New Tangible Property Regulations
Bookkeeping
Revenue Procedure 2015-20 a Face Punch for Tax Accountants
Let’s get this out there first: The IRS had created a crazy situation. They’d changed the rules about how businesses and investors should account for … [Read more...] about Revenue Procedure 2015-20 a Face Punch for Tax Accountants
Are You Kidding Me? An Update on the TPR Accounting Changes Mess
I can't believe it. I really can't. After years of fiddling-faddling with the regulations for tangible property accounting—including lengthy … [Read more...] about Are You Kidding Me? An Update on the TPR Accounting Changes Mess
Why New Unit of Property Rules Are Important
2/17/2015 Update: Information about our e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. For 2014 … [Read more...] about Why New Unit of Property Rules Are Important
How to Prepare Form 3115 for the New Tangible Property Regs
2/17/2015 Update: Information about our e-book appears at the bottom of page—and that ebook has been updated to reflect Revenue Procedure 2015-20. You … [Read more...] about How to Prepare Form 3115 for the New Tangible Property Regs
TPRs: A Guide for Small Businesses and Real Estate Investors
2/17/2015 Update: Information about our TPRs e-book, which has been updated for Revenue Procedure 2015-20, appears at the bottom of page. Mid-year, … [Read more...] about TPRs: A Guide for Small Businesses and Real Estate Investors
Primer on the FBAR and FATCA Rules & Penalties
Our CPA firm office prepares a lot of the FinCEN 114 and 8938 forms—which are the forms you use to comply with the "Foreign Bank and Financial … [Read more...] about Primer on the FBAR and FATCA Rules & Penalties
Small Businesses and the New Sec. 263 Repair Regulations
Okay, you may not know this yet. But a 2013 change in the accounting rules for repair and maintenance expenditures (specifically, Treasury Regulation … [Read more...] about Small Businesses and the New Sec. 263 Repair Regulations
Weaponry You Want If You’re Audited
For whatever reason, we seem to see clients get audited in waves. Months will roll by and other than those annoying “audit letters” (which are … [Read more...] about Weaponry You Want If You’re Audited
First Year Checklist for Washington S Corporation
We've helped a number of business owners and entrepreneurs set up an S corporation this year. So I thought it might be a good idea to create a little … [Read more...] about First Year Checklist for Washington S Corporation