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Lesson From The Tax Court: Distinguishing Property Settlement From (Indirect) Alimony (TaxProf) - Congress eliminated the deduction for alimony in the December 2017 Reconciliation Act (informally called the Tax Cuts and Jobs Act). But the legislation grandfathered in alimony payments made pursuant to divorce or separation instruments executed on or before December 31, 2018. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES IRS Extends Upcoming Deadlines, Provides Tax Relief for Victims of Hurricane Florence (IRS) - Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. Re-thinking Expense Management in the Digital Economy (Accounting Today) - For years, businesses have managed employee expenses through a primitive combination of paper, Excel spreadsheets, and email. But this antiquated approach no longer makes sense. In fact, conventional expense management is a drain and a danger for the business. Disaster Recovery: Make Sure Your Company Survives the Unthinkable (PC Mag) - An unthinkable tragedy years ago forever made the value case for efficient disaster recovery (DR) planning. Luckily, today's off-site backup services make the DR planning process easy for companies to protect against disasters, including storms like this week's Hurricane Florence. IRS Amnesty Program Ends Sept. 28, Has Resulted in $11 Billion in Back Taxes (CPA Practice Advisor) - The Offshore Voluntary Disclosure Program (OVDP), a program the IRS started to give amnesty to American taxpayers who had previously unreported overseas accounts, will end September 28, 2018. Taxation Accounting/Audit Business News |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Bear with Surfboard   |