TCJA – Could 2019 Taxable Income be Higher than Projected?
As we approach the end of 2019, two separate changes in reporting of gross income from providing goods and/or services could combine for an unpleasant
IRS Releases Advance Payment Proposed Regulations for Accrual Method Taxpayers, Providing One-Year Deferral
On September 5, the IRS released guidance in the form of proposed regulations (Prop. Reg. §1.451-8) that address the receipt of payments from customers
Advance Payments: Potential for Longer Term Deferral under Newly Issued Regulations, Repeal of Regulation §1.451-5
Back in July, the IRS formally removed regulation §1.451-5 from the Code of Federal Regulation. The regulation had permitted some companies to defer
Current and Forecasted Conditions Play Havoc with Higher Ed Revenue Growth
According to the National Center for Education Statistics, the number of high school graduates in the Northeast and Midwest is projected to decrease between