Journal of Accountancy. Sept, 2019, Vol. 228 Issue 3, p56, 2 p.
Subjects
United States. Internal Revenue Service -- Management, United States. Internal Revenue Service -- Reorganization and restructuring, and Taxpayer First Act
Abstract
The law revamps the appeals process, requests for innocent spouse claims, and private debt collection rules, among other revisions. The Taxpayer First Act of 2019, P.L. 116-25, became [...]
Mantzke, Kate, Cripe, Brad, and Youngberg, Suzanne
Journal of Accountancy. July, 2020, Vol. 230 Issue 1, p42, 4 p.
Subjects
Government regulation, Child tax credit -- Accounting and auditing, Child tax credit -- Laws, regulations and rules, Child tax credit -- Methods, Tax accounting -- Laws, regulations and rules, Tax accounting -- Methods, Further Consolidated Appropriations Act for Fiscal Year 2020, and Tax Cuts and Jobs Act of 2017
Abstract
The latest version of the kiddie tax, which was still in its infancy, was effectively wiped away when the Further Consolidated Appropriations Act, 2020, P.L. 116-94, was enacted at the [...]
Journal of Accountancy. April, 1995, Vol. 179 Issue 4, p33, 5 p. other
Subjects
Republican Party (United States) -- Tax policy, Tax reform -- Analysis, Capital gains tax -- Laws, regulations and rules, and Depreciation -- Laws, regulations and rules
Abstract
Republican proposals for tax reform as part of the 'Contract With America' focus on reducing the capital gains tax and accelerating depreciation deductions, though other provisions include family tax credits, American Dream savings accounts and relief for home workers and small businesses. Capital gains provisions will grant a 50% deduction on the excess of net long-term capital gain over net short-term capital loss, but the proposals also require complex indexing of assets. Depreciation reforms will also implement complex indexing calculations.
Journal of Accountancy. April, 2000, Vol. 189 Issue 4, 67.
Subjects
United States. Internal Revenue Service. Office of the National Taxpayer Advocate -- Reports, Taxpayer compliance -- Reports, and Earned income tax credit -- Management
Abstract
W. Val Oveson, CPA, has been very busy ferreting out tax policy and administrative problems that make compliance burdensome for taxpayers. In his annual report to Congress, Oveson, who has [...]
Journal of Accountancy. Sept, 2007, Vol. 204 Issue 3, p25, 2 p.
Subjects
Government regulation, Tax consultants -- Standards, Tax policy -- Laws, regulations and rules, and U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007
Abstract
When Congress passed the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007, it contained one major tax policy change not reflected in the title. [...]
Journal of Accountancy. Feb, 2018, Vol. 225 Issue 2, p52, 8 p.
Subjects
Tax reform -- Analysis and Tax Cuts and Jobs Act of 2017
Abstract
The Tax Cuts and Jobs Act, P.L. 115-97, which President Donald Trump signed into law on Dec. 22, enacted a large overhaul of many parts of the Internal Revenue Code. [...]
Evans, Allison L., Harris, Jonathan, and Irving, James H.
Journal of Accountancy. Nov, 2016, Vol. 222 Issue 5, p66, 5 p.
Subjects
Government regulation, Company business management, Domestic international sales corporations -- Taxation, Domestic international sales corporations -- Usage, Export duties -- Laws, regulations and rules, Export duties -- Management, Deferred tax (Accounting) -- Laws, regulations and rules, Deferred tax (Accounting) -- Management, and Internal Revenue Code (I.R.C. 922-933)
Abstract
U.S. exporters--including, but not limited to, manufacturers--that create an IC-DISC (interest charge domestic international sales corporation) can enjoy potentially large tax savings with relatively low initial costs. Congress created the [...]
Journal of Accountancy. Feb, 1992, Vol. 173 Issue 2, p27, 2 p.
Subjects
United States. House of Representatives. Committee on Government Reform -- Reports, United States. Internal Revenue Service -- Powers and duties, and Taxpayer compliance -- Laws, regulations and rules
Abstract
'Get the show on the road,' says a House of Representatives Government Operations Committee report on corporate document matching to the IRS. The General Accounting Office has urged Congress to [...]
Journal of Accountancy. Feb, 2016, Vol. 221 Issue 2, p58, 4 p.
Subjects
Government regulation, Tax extensions -- Laws, regulations and rules, and Consolidated Appropriations Act of 2016
Abstract
A large number of expired tax provisions were extended--some permanently--as part of the omnibus spending bill, the Consolidated Appropriations Act, 2016, P.L. 114-113, signed into law by President Barack Obama [...]
Journal of Accountancy. Nov, 1995, Vol. 180 Issue 5, p15, 1 p. photograph
Subjects
United States. Bank Insurance Fund -- Management, United States. Savings Association Insurance Fund -- Management, Financial institutions -- Insurance, and Glass-Steagall Act
Abstract
House Banking Committee chairman Jim Leach (R-lowa) told members attending the American Institute of CPAs national conference on savings institutions that before the end of the year the House and [...]
Journal of Accountancy. May, 1983, Vol. 155 Issue 5, 18.
Subjects
United States. Congress. House. Subcommittee on VA, HUD, and Independent Agencies -- Investigations, Court congestion and delay -- Prevention, and Tax courts -- Officials and employees
Journal of Accountancy. Dec, 1996, Vol. 182 Issue 6, p17, 1 p. photograph
Subjects
United States. Savings Association Insurance Fund -- Finance, Savings and loan associations -- Laws, regulations and rules, and Financial institutions -- Accounting and auditing
Abstract
The omnibus appropriations bill of 1996, approved by Congress and President Clinton on September 30, recapitalizes the Savings Association Insurance Fund (SAIF) through a special assessment on SAIF-insured institutions. The [...]
Journal of Accountancy. Oct, 2020, Vol. 230 Issue 4, p44, 1 p.
Subjects
Company business management, United States. Internal Revenue Service. Taxpayer Advocate Service -- Reports, United States. Internal Revenue Service -- Management, United States. Internal Revenue Service -- Reports, Tax administration and procedure -- Reports, Coronavirus Aid, Relief, and Economic Security Act of 2020, and Taxpayer First Act
Abstract
In her first report to Congress, National Taxpayer Advocate Erin Collins identified taxpayer challenges related to the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, RL. 116-136, [...]
Journal of Accountancy. May, 1997, Vol. 183 Issue 5, p23, 1 p. photograph
Subjects
United States. Internal Revenue Service -- Public relations and Tax administration and procedure -- Reports
Abstract
Congresswoman Nancy L. Johnson (R-Conn.), who chairs the House Ways and Means Committee's Oversight Subcommittee and is the author of Taxpayer Bill of Rights 2 (TBOR 2), told the Internal [...]
Journal of Accountancy. Jan, 1993, Vol. 175 Issue 1, p21, 1 p.
Subjects
United States. Internal Revenue Service -- Reports and Independent contractors -- Reports
Abstract
A report by a congressional committee urges the IRS to take action now to reduce the number of workers who are misclassified as independent contractors. The report advises the IRS [...]
Journal of Accountancy. Dec, 1992, Vol. 174 Issue 6, p26, 1 p.
Subjects
United States. Internal Revenue Service -- Management, Tax collection -- Management, and Tax-sales -- Management
Abstract
Members of the House Ways and Means Oversight Subcommittee bluntly criticized the IRS's general mismanagement of assets it has seized, especially in light of the agency's huge $125 billion accounts [...]
Journal of Accountancy. June, 1989, Vol. 167 Issue 6, p170, 2 p.
Subjects
United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations -- Investigations and Insurance industry -- Finance
Journal of Accountancy. Feb, 2013, Vol. 215 Issue 2, p46, 4 p.
Subjects
Government regulation, Tax rates -- Laws, regulations and rules, Economic Growth and Tax Relief Reconciliation Act of 2001, and Jobs and Growth Tax Relief Reconciliation Act of 2003
Abstract
Pulling back from the 'fiscal cliff' at the 13th hour, Congress on New Year's Day preserved most of the George W. Bush-era tax cuts and extended many other lapsed tax [...]