News



IRS to Stop Faxing Tax Transcripts
 

IRS to Stop Faxing Tax Transcripts

Posted: December 19, 2018
After working with the tax preparation community, the IRS has announced it will stop its tax transcript faxing service as of Feb. 4, 2019, and offer a more secure alternative to taxpayers and tax professionals.


2019 Standard Mileage Rates Announced
 

2019 Standard Mileage Rates Announced

Posted: December 18, 2018
The IRS has issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

New Jersey Provides Guidance on CBT Changes
 

New Jersey Provides Guidance on CBT Changes

Posted: December 11, 2018
The New Jersey Division of Taxation has issued a technical bulletin summarizing the major changes to the New Jersey Corporation Business Tax Act. The changes are effective for tax years beginning on or after Jan. 1, 2017.


FASB Issues Narrow-Scope Improvements to Accounting for Lessors
 

FASB Issues Narrow-Scope Improvements to Accounting for Lessors

Posted: December 10, 2018
The Financial Accounting Standards Board has issued an Accounting Standards Update expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. The ASU also clarifies a specific lessor accounting requirement.