This series of frequently asked questions (FAQs) provides answers to questions we are hearing from our members about the centralized partnership audit regime under the Bipartisan Budget Act of 2015 (BBA). ALERT: The IRS announced in Rev. Proc. 2020-23 that BBA partnerships, which are normally prohibited from filing an amended
The U.S. Supreme Court announced in March 2020 that it will hear a case that challenges the constitutionality of the individual mandate under the Patient Protection and Affordable Care Act. The original case, Texas v. United States, is now docketed in the Supreme Court as California v. Texas. Get insights on the
This series of frequently asked questions (FAQs) provide guidelines for tax practitioners to consider when preparing a written document retention policy for their firm. Additional guidance is provided to help practitioners advise their clients on taxpayer record retention. Document retention policies for firm operations and client records Should firms maintain
Businesses and individuals need to be aware that a large number of IRS tax law changes are going into effect this year. Many of them were created by the Protecting Americans from Tax Hikes (Path) Act of 2015, although there was legislation passed in 2015 and 2014 that also contributed a
At Aber CPA, we know that tax season and all the preparation that goes into it can cause a great amount of anxiety. The challenges of collecting and documenting all the necessary paperwork, gathering all necessary knowledge of tax laws and filing your taxes can seem insurmountable. This is why
