The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act. | IRS finalizes 100% bonus depreciation rules → | | By Michael Cohn 2 min read | | The Internal Revenue Service and the Treasury Department issued the last set of final regulations to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act. | |
| | | Elections have consequences. | | November's presidential vote may be the most important of our lifetimes. Accounting Today would like to know your views on the likely outcome and its impact on our country, our industry, and our lives. Take our confidential survey below. | |
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| An internet domain for CPAs → | | As the AICPA rolls out .cpa, a new internet domain for CPAs, CPA.com president and CEO Erik Asgeirsson explains the value, and the application process. | |
| IRS finalizes regulations for estates and non-grantor trusts → | | By Michael Cohn 1 min read | | The Internal Revenue Service released final regulations Monday to offer guidance on deductions for estates and non-grantor trusts, clarifying that certain deductions aren’t to be considered miscellaneous itemized deductions. | |
| COVID’s $211B payroll-tax lifeline shifts burden to 2021 → | | By Scott Moritz and Tom Contiliano 5 min read | | Companies that took advantage of federal pandemic-relief efforts like payroll tax deferrals will face bigger bills next year, possibly complicating an already-challenging climb out of the COVID crisis. | |
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