(02/22/2012) Adequate Disclosure on 2011 Returns: The IRS updated the circumstances when disclosure of an item or position on an income tax return will avoid the substantial understatement penalty under IRC Sec. 6662(d) and the return preparer penalty for unreasonable positions under IRC Sec. 6694(a).
Practitioners Tax Action Bulletins - No. 2012-08
(05/17/2012) Bonus Depreciation: To be eligible for bonus depreciation, a taxpayer manufacturing, constructing, or producing property for its own use must begin work of a s...
by ppc.thomson.com: ppcNet | PPCnet News and Views: 5min Tax
Practitioners Tax Action Bulletins - No. 2012-06
(04/11/2012) Accounting Method Change for Depreciation: The IRS issued the procedures for taxpayers to obtain automatic consent to change to the accounting methods provided...
by ppc.thomson.com: ppcNet | PPCnet News and Views: 5min Tax
Practitioners Tax Action Bulletins - No. 2012-05
(03/29/2012) Energy Efficient Building Deduction: IRC Sec. 179D allows taxpayers to deduct the cost of energy-efficient property installed in commercial buildings. A new no...
by ppc.thomson.com: ppcNet | PPCnet News and Views: 5min Tax
Practitioners Tax Action Bulletins - No. 2012-04
(03/08/2012) Administration's 2013 Revenue Proposals ("Greenbook"): The Treasury Dept. released the "General Explanations of the Administration's Fiscal Year 2013 Revenue P...
by ppc.thomson.com: ppcNet | PPCnet News and Views: 5min Tax
Practitioners Tax Action Bulletins - No. 2012-02
(02/08/2012) 2012 Form 1040 Filing Deadlines: Taxpayers will have until 4/17/12 to file their 2011 tax returns since 4/15/12 is on a Sunday and the Emancipation Day holiday...
by ppc.thomson.com: ppcNet | PPCnet News and Views: 5min Tax