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Tax News

Stay informed with the latest updates in tax consulting. We keep you up-to-date with changes in tax legislation and industry trends.

Resources

Tax News

Stay informed with the latest updates in tax consulting. We keep you up-to-date with changes in tax legislation and industry trends.
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4 States Offering Limited Windows for Tax Amnesty 

4 States Offering Limited Windows for Tax Amnesty Four states are currently offering programs that can eliminate or reduce sales and use tax penalties and interest are presently open. Indiana closes first, on September 9, 2026, while Illinois, New York, and Washington run later into 2026 under narrower terms. The benefit of open amnesty over a voluntary disclosure agreement (VDA) is highly dependent. Amnesty waives penalties and interest but generally requires the full tax with no lookback limit and closes

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4 States Offering Limited Windows for Tax Amnesty 

4 States Offering Limited Windows for Tax Amnesty Four states are currently offering programs that can eliminate or reduce sales and use tax penalties and interest are presently open. Indiana closes first, on September 9, 2026, while Illinois, New York, and Washington run later into 2026 under narrower terms. The

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R&D

New Bill Outlines Covid Relief and Economic Stimulus Provisions

New Bill Outlines Covid Relief and Economic Stimulus Provisions Congress passed the Appropriations bill, which included the latest Covid relief and economic stimulus provisions. The bill fulfilled a long-awaited promise by Congress to clarify the treatment of the Payroll Protection Plan’s forgiveness. Since the passage of the PPP, one of

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COST SEGREGATION

Final and Proposed 100 Percent Bonus Depreciation Regs

Final and Proposed 100 Percent Bonus Depreciation Regs On Friday, September 13, 2019, the Internal Revenue Service released advance copies of final 100 percent bonus depreciation regulations and new, proposed 100 percent bonus depreciation regulations. These regulations have not yet been published in the Federal Register. Until they are, they

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Revenue Procedure 2019-33

Revenue Procedure 2019-33 On July 31, 2019, the IRS released Rev. Proc. 2019-33. This revenue procedure allows taxpayers to make or revoke certain elections for bonus depreciation under the Tax Cuts and Jobs Act of 2017 (TCJA) for the 2016 and 2017 tax years. The late and revoked elections create many

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