People on the move: Maryland gov honors AICPA chair Kimberly Ellison-Taylor

Monday, February 13, 2017

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People on the move: AICPA chair Kimberly Ellison-Taylor given Maryland governor’s proclamation

Nicole Shahzadi was promoted to tax manager in HMWC CPAs & Business Advisors’ tax services department

A roundup of recent hires, promotions, and other personnel news from firms across the country, plus new marketing directors at CBIZ MHM and UHY, and a newly elected chair and members on the CLA board.

(Original source: link)

Distribution by former S corporation is part dividend

May 10, 2019

In Rev. Rul. 2019-13, the IRS ruled that a distribution to the sole shareholder of a C corporation was partly a recovery of the former S corporation’s accumulated adjustments account (AAA) and a taxable dividend for the remaining distribution. The company involved was originally a C c…

IRS changes maximum-vehicle-value rule

May 09, 2019

The IRS intends to revise its regulations to make them consistent with the recent statutory changes to the automobile price inflation adjustment in Sec. 280F(d)(7), which affect the vehicle value that applies when valuing employees’ personal use of employer-provided vehicles (Notice 20…