2017-04-03 IRS, FASB and Accounting
Current Federal Tax Developments for the week of April 3, 2017 - FASB Meets the IRC. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE.
This week we look at the following developments
- Guidance issued on payroll tax version of reserach credit just as preparation of first quarter 941s begins
- The Tax Court denies a deduction for a management fee paid to a related party
- 2017 vehicle depreciation limits and lease inclusion tables released
- IRS releases proposed Revenue Procedure to deal with accounting changes caused by FASB’s Revenue Recognition Standard
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The articles for this week's developments can be downloaded as a PDF below.