The maximum number of months that the Franchise Tax Board (FTB) may grant as an automatic extension of time for filing California partnership returns is increased from six months to seven months, applicable to returns required to be filed for taxable years beginning on or after January 1, 2017. This authorizes the FTB to extend […]

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A self-described analyst of financial institutions, who learned of a corporate taxpayer’s claimed tax abuse from publicly available sources, was not entitled to proceed with his whistleblower case anonymously. The individual failed to make a sufficient fact-specific case for anonymity. Unlike whistleblower claimants who were granted anonymity, the individual did not make a plausible claim […]

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National Taxpayer Advocate, Nina E. Olson, has released her midyear report to Congress. The report contains a review of the 2017 Filing Season, identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year, and contains the IRS’s responses to each of the 93 administrative recommendations the Advocate made in […]

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President Trump discussed the Senate Republicans’ healthcare overhaul initiative during a June 28 meeting at the White House with tribal leaders on energy. Trump met with 50 Republican senators at the White House on June 27 (TAXDAY, 2017/06/28, C.1). “Yesterday, we had a tremendous meeting with Republican senators on health care. The meeting went really […]

The post Trump on ACA Repeal Bill: “I Think We’re Going to Get it Over the Line;” Democrats Asks for Bipartisan Talks appeared first on Tax & Accounting Blog.

Traditional accounting firms often revolve around the partner. Unfortunately, this model is susceptible to many problems that until recently have been accepted as simply the way things have always been done. In a new whitepaper, “The New Firm Tranformation: Technology, Growth and the Future” Jody Padar (The Radical CPA) discusses how a new style of […]

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North Carolina Gov. Roy Cooper has vetoed the biennium budget bill for fiscal years 2017-2019, which would have reduced corporate income tax rates from 3% to 2.5% and the personal income tax rate from 5.499% to 5.25% for taxable years beginning on or after January 1, 2019. The bill sent to the governor is a […]

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