Tax Resources for CPAs

Recent Updates


U.S. Capitol, Washington, D.C.

Inflation Reduction Act Brings Tax Changes to CPAs

Significant tax changes are a part of the new Inflation Reduction Act signed into law by President Biden on Aug. 16. Alex Fabian of PICPA's Government Relations team provides an overview of these changes in CPA Nowand stay tuned for more in-depth analysis in upcoming PICPA blogs and programs.


Previous Recordings

  • PICPA Legislative Update Webcast - Budget Passage & Tax Implications Recording - July 21, 2022
  • ASC 842 and More – What You Need to Know Now Webcast Recording - July 21, 2022
  • Philadelphia Department of Revenue: Offer in Compromise Program Overview Recording - May 3, 2022
  • 12th Annual Q&A with Richard Furlong, IRS Senior Stakeholder Liaison, and Federal Tax Update Webcast Recording and Material Resources - Feb. 3, 2022
  • Philadelphia Department of Revenue: Policy Updates & Tax Center Overview Recording - Jan. 20, 2022

IRS Provides Details on Relief on Preparing Schedules K-2 and K-3 

Feb. 16, 2022 – The IRS has provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to these new schedules. Those eligible for the relief will not have to file the new schedules for tax year 2021. Read more

Pa. Taxpayers Affected by Hurricane Ida Have More Time to File Tax Returns

Jan. 19, 2022 – The Department of Revenue is extending the due dates to file various individual and business tax returns for taxpayers in parts of Pennsylvania who were affected by Hurricane Ida. Importantly, taxpayers should know that this extension does not apply to tax payments. Read the update from the DOR.


Pennsylvania State and Local Tax


State

Pennsylvania Department of Revenue

Latest Blogs, Articles, and Podcasts


State & Local Tax

  • State Income Tax Implications from Federal R&D Law

    Effective for tax years beginning after Dec. 31, 2021, research and experimental (also known as research and development) expenditures are not fully tax deductible in the year incurred. Under the 2017 Tax Cuts and Jobs Act (TCJA), taxpayers who incur research and experimental (R&E) expenditures and expense these costs under generally accepted accounting principles (GAAP) are required to capitalize and amortize these expenditures.
  • Sum22StateLocalTax

    Pennsylvania Local Tax Implications of Remote Work

    Remote work arrangements are becoming increasingly commonplace. What began as a COVID-19 necessity has come to be seen as an employee benefit. However, widespread remote work could expose businesses to additional tax risks and filing obligations.

Federal Tax

  • New Regs to Counter Foreign DST Credit May Kill Other Foreign Tax Credits

    Prior to the end of 2021, the U.S. Treasury Department issued final foreign tax credit regulations under Treasury Regulation Section 1.901-2,1 dramatically modifying the analysis for determining whether a foreign levy is a creditable foreign tax. The regulations apply to tax years beginning after Dec. 28, 2021, and finalize proposed regulations issued in November 2020.
  • Tax Pitfalls Associated with Closely Held Businesses

    Most tax practitioners are familiar with the fundamentals of structuring closely held businesses, but important structuring considerations are sometimes overlooked. This column highlights some pitfalls that might not always come to the attention of practitioners structuring business arrangements.

Tax Season Featured Member Benefits

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TaxAware is a “one-stop shop” online resource with 24/7 access and customizable searches and preferences. Get updates daily, weekly, or monthly with just the top headlines or in-depth, expert analysis on the latest changes impacting professionals and their clients.

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capstan

Capstan - Tax Saving Opportunities for Tangible Property and Other Fixed Assets

In the face of growing tax code complexity, it's almost impossible to cover every area with in-house resources. For expertise in understanding and applying the myriad of complexities with the Tangible Property regulations and other IRS Code impacting commercial real estate, turn to Capstan Tax Stategies.

 
Visit Company

CPA Now Blogs

CPA Conversations Podcasts

  • CPAs Have a Vital Role in Keeping Small-Business Clients Compliant

    Matthew May, founder and vice president of sales and marketing for Acuity CFO Online Bookkeeping Accounting and Business Tax, joins us to talk small-business compliance with standards and regulations. In particular, May stresses the role CPAs can play in making the process easier.
    Full story
  • Benefit Clients by Upgrading Your R&D Credit Knowledge

    The research and development (R&D) tax credit is available to many organizations to help reduce their tax liability and overall financial expenditures. Unfortunately, many organizations don’t know everything they need to know to fully take advantage of the credit. To help educate these organizations, as well as the CPAs who represent them, we spoke with Ashley Chikes, director of operations for R&D experts EPSA USA, about steps CPAs can take when advising a client about the R&D credit, the ins and outs of the Pennsylvania R&D credit, and more.
    Full story

Tax CPE


Monthly Federal Tax Update - October 2022 Webinar

11:00 a.m. - 1:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

$79
member
$104
nonmember

Criminal Tax For Accountants Webinar

4:30 p.m. - 6:30 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Tax Research: Intermediate Webinar

4:30 p.m. - 5:30 p.m.
CPE Credits: 1-Tax
$49
member
$74
nonmember

$79
member
$104
nonmember

S Corporations: How to Calculate Shareholder Basis Webinar

12:00 p.m. - 2:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Audit Horror Stories: When the Audit Goes Awry Webinar

1:00 p.m. - 2:00 p.m.
CPE Credits: 1-Tax
$49
member
$74
nonmember

Resolving Back Tax Debts Webinar

6:00 p.m. - 8:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Entertainment, Meals & Travel Expenses: Review and Update Webinar

10:00 a.m. - 12:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Finding & Reporting 990 Filers' Related Organizations Webinar

11:00 a.m. - 1:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Retirement Planning: IRAs Webinar

12:00 p.m. - 1:00 p.m.
CPE Credits: 1-Tax
$49
member
$74
nonmember

$119
member
$169
nonmember

Inflation Reduction Act of 2022: Explanation and Planning Webinar

2:30 p.m. - 4:55 p.m.
CPE Credits: 2.5-Tax
$79
member
$104
nonmember

Tax Research: Fundamentals Webinar

5:30 p.m. - 6:30 p.m.
CPE Credits: 1-Tax
$49
member
$74
nonmember

Complex Manager Comp Scenarios: Core Form VII-A & Schedule J Webinar

11:00 a.m. - 1:30 p.m.
CPE Credits: 2.5-Tax
$89
member
$114
nonmember

How to Reopen and Challenge an Assessed Tax Webinar

10:00 a.m. - 12:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Crypto 101 -How Smart Money Participates in Cryptocurrencies Webinar

10:30 a.m. - 12:30 p.m.
CPE Credits: 2-Other
$79
member
$104
nonmember

Monthly Federal Tax Update - October 2022 Webinar

11:00 a.m. - 1:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Nonprofit Taxation: Key Tax Rules Webinar

11:30 a.m. - 1:30 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

$79
member
$104
nonmember

Payroll Essentials: Getting to Know Payroll Taxes Webinar

5:00 p.m. - 7:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Section 199A Deduction: Rules & Forms Reporting Webinar

10:00 a.m. - 12:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

Ethics: Plain Talk About IRS Ethics and Conduct Webinar

10:00 a.m. - 12:00 p.m.
CPE Credits: 2-Ethics
$79
member
$104
nonmember

Tax Implications of Cryptocurrency Webinar

2:00 p.m. - 4:00 p.m.
CPE Credits: 2-Tax
$79
member
$104
nonmember

$89
member
$114
nonmember


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