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Lesson From The Tax Court: State Law Label Did Not Control Federal Tax Consequences

(TaxProf Blog) - Some things never change...Other things constantly change: tax law, for example! While divorce is primarily a matter of state law, good family lawyers need to keep an eye out for the tax consequences of divorce. They need the tax lesson we learn today. Despite recent changes in taxation of certain divorce payments, it's a lesson that never gets old: state law cannot trump federal tax law.



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Lesson From The Tax Court: State Law Label Did Not Control Federal Tax Consequences 
(TaxProf Blog) - Some things never change...Other things constantly change: tax law, for example! While divorce is primarily a matter of state law, good family lawyers need to keep an eye out for the tax consequences of divorce. They need the tax lesson we learn today.


How CPAs Can Mitigate Greatest Malpractice Risks 
(ACcounting Web) - Many CPAs don’t realize how everyday tasks can easily expose them to malpractice litigation.


How to Recover an Unsaved Microsoft Office Files 
(How-to-Geek) - You’ve just closed an Office document and accidentally clicked Don’t Save. Or maybe Word crashed or your laptop lost power before you remembered to save what you were working on. We’ve all felt that pain, but all is not necessarily lost.


New York Enhances SALT Cap Workaround for Pass-throughs 
(Accounting Today) - New York State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions from the 2017 Tax Cuts and Jobs Act, similar to a workaround also being permitted in some other high-tax states.


Layoffs Are Being Planned at Half of U.S. Companies, PwC Survey Shows 
(CPA Practice Advisor) - And 52% of organizations have implemented hiring freezes, according to PwC Pulse Survey released Thursday.


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