Scott-Ackerman Archives

Increased Penalties for Failure to File Information Returns

May 19, 2016 By Scott Ackerman

stiffer penalties for failure to file information returns

The Trade Preference Extension Act (the TPE) became law on 6/29/15, and included in it were a few little-noticed but significant changes to the penalties for failing to file required information returns (i.e. 1099s and W-2s) and, in some cases, … Continued

Can I Bonus That? A Lesser Known Change to Bonus Depreciation from the PATH Act

May 13, 2016 By Scott Ackerman

The PATH Act (Protecting Americans from Tax Hikes) made several changes to bonus depreciation, most notably extending it through 2019 for most types of assets. However, another change slipped through with much less fanfare that can still lead to significant … Continued