The Internal Revenue Service has completed its first settlement order with the operator of a syndicated conservation easement scheme as part of a broader crackdown on what the IRS views as abusive tax scams.
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September 1, 2020
Upcoming Events September 1, 2020
Daily Briefing
IRS begins settlements of syndicated conservation easements
By Michael Cohn      5 min read
The Internal Revenue Service has completed its first settlement order with the operator of a syndicated conservation easement scheme as part of a broader crackdown on what the IRS views as abusive tax scams.
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PwC global revenues inch up 3% to $43B, but are hit by COVID
By Michael Cohn      4 min read
The final three months of the fiscal year showed a slowdown due to the impact of coronavirus on clients.
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CalCPA forms diversity commission
By Michael Cohn      3 min read
The California Society of CPAs has created a commission to focus on diversity, equity and inclusion issues in the CPA profession.
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Accounting in space
By Daniel Hood
As humanity explores the stars and starts to do business there, it will require significant innovations in accounting, according to Dr. Hank Alewine, associate professor of accounting at the University of Alabama in Huntsville.
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SPONSOR CONTENT
CPE Webinar - Help Clients Build Their Best Workforce
Join us on 9/17, to help clients prepare for regulatory challenges affecting their businesses’.
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Tech news: A new screen privacy and document security platform
By Ranica Arrowsmith
Smart Eye Technology releases screen privacy and document security platform; Wolters Kluwer TeamMate+ named finalist in Saas Awards; and Mode app now allows instant Bitcoin transfer.
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Art of Accounting: Advising a client to sell or buy a business
By Edward Mendlowitz      3 min read
There are no undergraduate and very few graduate courses on advising clients that want to sell their business or who want to buy a business. When I started my career, there were no CPE courses either.
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New certification available for tax resolution
By Jeff Stimpson      1 min read
Tax Rep LLC has created a new CTRC designation for tax practitioners.
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Prep clients’ tax estates now for a potential Democratic sweep
By Andy Ferguson      3 min read
It may seem counterintuitive, but paying appreciably more taxes in 2020 could save families a lot of money down the road.
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How to cut income taxes on assets inherited at death
By Jeffrey Levine      22 min read
Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.
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Wirecard inquiry probes why Germany missed fraud of century
By Nicholas Comfort and Birgit Jennen      4 min read
Germany’s blame game over Wirecard AG’s collapse is focusing on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.
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