Tag Archives: tax

In May 2014, FASB issued an Accounting Standards Update regarding Topic 606: Revenue from Contracts with Customers, along with various amendments, to be implemented in 2017 and 2019. In this post, we’ll talk about exact adoption dates of the new construction revenue recognition standards, the major updates, and how you can help your construction clients […]

Surgent’s new Futurecast premium monthly webinars deliver practical and timely insights from leading national experts in tax, accounting, auditing, and business management. Read why these just might become your favorite meeting of the month!

business expenses receipts

Can individuals deduct for business expenses associated with education outside of work? Read more for where the Tax Court drew the line in this case.

1098-T

Eligible educational institutions often file Form 1098-T. Should you receive this form, here are four common errors to watch for, and how to interpret them.

families-alternative-minimum-tax

President-elect Donald Trump has proposed eliminating the Alternative Minimum Tax (AMT), a parallel tax that operates alongside the regular income tax. Abolishing this tax could mean more cash flow for families, the population often most often hit hardest with the AMT.

irs-national-tax-security-awareness-week

On the heels of tax filing season, this IRS effort aims to help consumers protect themselves and their financial data against identity theft and tax fraud. But what can firms do to protect consumers, and more importantly, their businesses?

Form 1095-C-deadline-extended

In a surprising move, the Internal Revenue Service (IRS) issued Notice 2016-70 this week, extending the deadline for employers to furnish form 1095-C to employees and extending the good faith transition relief to the 2016 reporting year.

new-IRS-scam

The IRS is warning tax professionals about a scam involving email and IRS e-services. The scam is actually a variation of a prior scam, where tax professionals receive an email asking them to update their accounts.

So many people complained Form 1095-C that the IRS extended deadlines by two months. Here is some information to help understand the form.

payment-vs-pension

As retirement nears for your clients, they might receive the offer to choose between a retirement pension that is paid regularly throughout retirement, or a lump sum paid once.