When President-elect Donald Trump first rolled out his much-anticipated tax plan as a Presidential candidate earlier this year, his plan to eliminate the
Did you know that Congress recently expanded its definition of qualified property to which bonus depreciation can be applied? Starting in 2016, an improvement
Taxation and Information Reporting for Foreign Trusts
The U.S. taxation and information reporting imposed on foreign trusts can be quite complex. A trust is the foreign trust if it is not the U.S. trust. A
Welcome Due Date Changes for Businesses and Individuals This Tax Season
Now that we are past the extended deadlines for calendar year entities, we can look forward to the changes in store for tax year 2016. The Surface Transportation
Significant Changes to the Use of Bonus Depreciation on Nonresidential Real Property Beginning in 2016
Bonus depreciation, which was scheduled to expire after 2014, was extended through 2019 by the PATH Act. Under the PATH Act, 50 % bonus depreciation applies
Further Scrutiny of College and University Endowments
On September 13, 2016, the House Ways and Means Subcommittee on Oversight held the first of several anticipated hearings to address the manner in which
A CP 2000 notice issued by the IRS usually indicates that the IRS received information from a third party, such as an employer, which does not match what
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