Current Federal Tax Developments

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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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2017-04-03 IRC, FASB and Accounting Ed Zollars, CPA

The articles for this week's developments can be downloaded as a PDF below.

2017-04-03 Current Federal Tax Developments