As a way to circumvent the $10,000 state and local tax deduction cap, New Jersey Governor Phil Murphy signed the Pass-Through Business Alternative Tax Act (“Act”) on January 13, 2020.
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today it has hired Christopher […]
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today that six employees have […]
Albert Einstein once said, “The measure of intelligence is the ability to change.” Congress must be the most brilliant legislative body around because it has again made a number of tax law changes in the latest year-end appropriations bills.
The Taxpayer First Act of 2019 (Act) was signed into law last year. This legislation aims to expand and strengthen taxpayer rights and to reform the IRS into a more taxpayer-friendly agency by requiring it to develop a comprehensive customer service strategy, modernize its technology, and enhance its cyber security.
With the end of 2019 tax filing season, all calendar-year taxpayers have finally filed their first returns reporting Global Intangible Low Taxed Income inclusions.
Cheers! Year-End Appropriations Act includes Repeal of Controversial “Commuting/Parking Tax” for Tax-Exempt Organizations
Prior to recessing for the holidays, Congress passed the Consolidated Appropriations Act (Act). The Act was signed into law by the President on December 20, 2019, primarily to appropriate federal funds in order to avoid a government shutdown.
‘Tis the Season for Tax Changes: Excise Tax Simplification and Qualified Transportation Fringe Benefits Tax Repeal
While aboard Air Force One on December 20, 2019, the President signed into law H.R. 1865 the “Further Consolidated Appropriations Act, 2020.”