Recent IRS Rulings that Affect Individuals

December 01, 2016

Recently, the IRS has issued a pair of key rulings that may potentially affect tax positions for certain 2016 filers. These include…

Permanent PATH Act Tax Breaks for Individuals

November 28, 2016

Late last year, Congress overwhelmingly passed the Protecting Americans from Tax Hikes (PATH) Act of 2015, which permanently extended several tax breaks that had previously been up for annual renewal.

FASB Issues Update to Reduce Diversity in Restricted Cash Flow Classification and Presentation

November 23, 2016

The Financial Accounting Standards Board (FASB) recently issued a new update designed to reduce diversity in how restricted cash is shown on organizational cash flow statements.

Ohio’s High Court Affirms Out of State Businesses Must Pay the Commercial Activity Tax

November 18, 2016

The Ohio Supreme Court, in a case that was announced November 17th, 2016 determined that the state can impose its Commercial Activity Tax (“CAT”) on out-of-state businesses lacking a physical presence in the state and only shipping goods into Ohio via common carrier.

October 2016 Newsletter

October 27, 2016

IRS Issues Temporary Regulations for New Partnership Audit Rules The IRS recently issued temporary regulations regarding qualifying partnerships that wish to elect into a new audit regime established by the Bipartisan Budget Act of 2015 (BBA).

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