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Classic Lesson From The Tax Court: The Ole December 31st Check Problem (TaxProf Blog) - Timing is at least as important in tax as it is in comedy...the question sometimes arises about when must a taxpayer report as gross income a check received on December 31st but not cashed until January. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Test Your Knowledge of Employee Benefit Plan Audits (JofA) - Employee benefit plan audits present a tremendous opportunity for CPAs to provide valuable service to the public. After all, what could be more rewarding than performing a service that will give people confidence that their retirement funds are being properly administered? IRS Issues Guidance on Small Business Accounting Method Changes Under Tax Cuts and Jobs Act (IRS) - The IRS issued guidance on new tax law changes that allow small business taxpayers with average annual gross earnings of $25 million or less in the prior three-year period to use the cash method of accounting. The Best Mobile Payment Systems (LifeHacker) - CR ranked Apple Pay, Squareâs Cash App, Facebook P2P Payments in Messenger, Venmo and Zelle, based on payment authentication security, data security, data privacy, customer support and broad access. Understanding âIdjits' (CalCPA) - An introduction to intentionally defective grantor trusts, which have become a popular estate tax planning tool in recent years. Taxation Accounting/Audit |  TOP 5 MOST READ
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