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IRS Gives Certain Partnerships Extra Time to File Superseding Form 1065, K-1
Trusted Professional
A recently released IRS revenue procedure centralized partnership audit regime Even if the audit was successfully completed…
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OFAC Sanctions Compliance Fines Reach Decade-Long High
Trusted Professional
Wall Street Journal
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Study Finds TCJA Increased Capital Investment Abroad More Than in U.S.
Trusted Professional
CFO.com The GILTI tax is essentially a tax on foreign-sourced intangible income. It applies to income that exceeds 10…
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Polygamist Leader Pleads Guilty to $520 Million Tax Fraud
Trusted Professional
Accounting Today
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Bernie Madoff Requesting President to Reduce Sentence
Trusted Professional
Notorious fraudster Bernie Madoff, who is currently serving out as 150-year prison sentence for a multibillion-dollar Ponzi…
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Era of Low Interest Rates Have Created a 'New Abnormal'
Trusted Professional
Bloomberg modern monetary theory
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IRS Will Not Challenge Foreign Credits for Certain French Taxes
Trusted Professional
The IRS clarified that it will not challenge foreign tax credits relating to two kinds of French taxes—the Contribution…
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NYSSCPA Mourns Passing of Past President George Foundotos
Trusted Professional
Distinguished Service Award Howard B. Levy, a long-time member of the Suffolk Chapter, said, ”George was a very dear…
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Fewer Companies Paying Top Tax Rate Since TCJA
Taxation
An analysis from the Wall Street Journal GILTI
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