Search
Certified Public Accountants
& Business Consultants
Tax Cuts and Jobs Act buttons
Services Tax  Tony Nitti Content

Tony Nitti Content


WATCH ON DEMAND! Webinar: COVID-19 Legislation Explained

Tony-Nitti-Content-Headshot.jpgRubinBrown Partner Tony Nitti is a renowned tax expert and luminary.

Nitti is a well-known contributor of tax content to Forbes, as well as a frequent speaker and trainer at seminars and webcasts across the country.

Nitti focuses primarily on corporate and partnership tax planning, with a special focus on the consolidated return regulations and the reorganization provisions, including the structuring of acquisitions, mergers, reorganizations, spin-offs and other restructuring transactions.

Nitti is best known throughout the accounting profession as the author of numerous feature articles for The Tax Adviser, Taxes Magazine, the Journal of Accountancy and Accounting Today. He co-authored the CCH expert tax treatise: Corporations Filing Consolidated Returns, and since 2012 has been a featured tax writer for Forbes.

His Forbes column, Taxes: The Nitti Gritty, has a national following in the hundreds of thousands. His opinions and commentary on important tax issues have been quoted in Bloomberg, CNN Money, the Wall Street Journal and the New York Times.


06/12/2020

Focus on Taxation: Notice 2020-43 Proposes Two New Methods for Reporting Partner Capital Accounts on Partnership Returns


The IRS recently published Notice 2020-43, which proposes two new methods for reporting partner capital accounts on partnership returns (Form 1065 or Form 8865) and requests comments on the proposed methods.

05/04/2020

COVID-19: Employee Retention Credit FAQ


The IRS recently published additional FAQs on the refundable Employee Retention Credit (ERC), as well as draft Form 941 for 2020.

04/20/2020

COVID-19: Rev Proc. 2020-25 Provides Guidance On Claiming Retroactive QIP Depreciation


On Friday, April 17, 2020, the IRS released Revenue Procedure 2020-25. This guidance explains how taxpayers may now claim accelerated depreciation or bonus depreciation on Qualified Improvement Property (QIP) for tax years 2018-2020.

04/13/2020

COVID-19: Revenue Procedure 2020-22, Reversing a Prior Election out of the Interest Limitation Rules


On Thursday, April 9, the IRS published Revenue Procedure 2020-22, allowing taxpayers who made an irrevocable election out of the interest expense limitation of Section 163(j) as a “real property trade or business” on a 2018 or 2019 tax return to undo the election.

04/13/2020

COVID-19: IRS Payroll Deferral FAQ


On April 10, 2020, the IRS released guidance on the employment tax deposit deferral that came as part of the CARES Act.

04/10/2020

COVID-19: Notice 2020-23


On April 9, 2020, the IRS released Notice 2020-23, which automatically postpones due dates for payments, returns, and form filings specified in the notice to July 15th, 2020.

04/09/2020

COVID-19: Revenue Procedure 2020-23


On April 8th, 2020, the Internal Revenue Service released Rev. Proc. 2020-23.

03/28/2020

COVID-19: Notice 2020-20 Extends Filing and Payment Date for Gift Tax Returns


On March 27, 2020, the IRS published Notice 2020-20, which expands relief provided previously in Notice 2020-18. The notice extends the due date for Form 709, (Gift and Generation Transfer Skipping Tax Return), as well as the date for making payments of Federal gift and generation-skipping transfer tax from April 15, 2020 until July 15, 2020.

03/24/2020

COVID-19: IRS Provides Additional Guidance of Blanket Extension of April 15 Tax Deadline to July 15


Last Friday, the IRS superseded and expanded guidance issued earlier in the week by giving certain taxpayers an extra three months to file and pay their taxes.

03/23/2020

COVID-19: Federal Emergency Declaration Opens Door for Employers to Make Certain Tax-Free Payments to Employees


With President Trump having issued an “emergency declaration” related to the COVID-19 pandemic, the IRS delayed tax season until July 15th by relying on Section 7508A(a) of the Internal Revenue Code, which can only be done when there is a “federally declared disaster” pursuant to Code Section 165.

03/19/2020

COVID-19: President Signs into Law Coronavirus Relief Act


On March 18, 2020, President Trump signed into law the Families First Coronavirus Relief Act. In addition to providing free COVID-19 testing, access to meals for children required to stay home from school and extended unemployment insurance, the bill includes benefits for employees and employers impacted by the pandemic. 

03/19/2020

COVID-19: Questions Related to Notice 2020-17


As the April 15 tax deadline fast approaches, the nation continues to struggle with the Coronavirus pandemic. Earlier this week, Treasury Secretary Steven Mnuchin promised relief for taxpayers, and on March 18th, the IRS formalized that relief by publishing Notice 2020-17

03/17/2020

COVID-19: Treasury Department Delays April 15 Tax Payment Deadline


The United States Treasury Department announced today, March 17, that it would be pushing back the April 15 deadline to pay taxes owed by 90 days, giving Americans three extra months to pay their 2019 income tax bills.

03/08/2019

Focus on Taxation & Real Estate: Tax Savings Related To Opportunity Zones


In summary, the article details that the newly created qualified opportunity zones offer an intriguing tax planning option for investors and a potential boon for distressed communities.

02/18/2019

Focus on Taxation:  Analysis of the New Tax Law


Last week, RubinBrown Partner Tony Nitti spoke on a panel that analyzed the new tax law, as well as the latest views about the law among taxpayers and journalists.

03/01/2019

Focus on Taxation: Providing Clarity on Section 199A


RubinBrown Partner Tony Nitti recently took part in a nonpartisan tax think tank which debated the pros and cons of the new Section 199A, more widely known as the 20% pass-through deduction. 


Highly Specialized Tax Training

CPA Firms and Businesses Host Tony Nitti for Training

Nitti is an in-demand speaker on a wide variety of tax issues for audiences across the country, and is routinely featured at national conferences including AICPA’s National Accounting and Tax Conference, Sophisticated Tax Planning Conference, Forensic Accounting and Valuation Conference and AICPA Engage.

Since the passage of the Tax Cuts & Jobs Act, Nitti has been highly sought after to present and train on specific provisions, including Section 199A.

Tony is available to train your team on any aspect of the tax code and law, including the many provisions of the Tax Cuts & Jobs Act. 

Tony's training sessions are highly customized (2-hour, 4-hour or full day training). Available classes include:

  • Annual Tax Update – 8 hours
  • The S Corporation Life-Cycle – 8 hours
  • Introduction to Consolidated Returns – 8 hours
  • S Corporation Basis and Distribution Ordering Rules – 2 hours
  • S Corporation Built-In Gains
  • Real Estate Professionals – 2 hours
  • Section 199A – 2 to 3 hours
  • Introduction to Mergers and Acquisitions – 2 hours
  • Section 338(h)(10) Acquisitions – 2 hours
  • Section 754 Adjustments – 2 hours
  • Section 351: Transfers to Controlled Corporations – 2 hours

For more information, questions or to schedule your firm's training, please contact Cecelia Heslin at cecelia.heslin@rubinbrown.com.

Tony Nitti as featured on Forbes:

 

Paycheck Protection Program Loans: Three Things The SBA And Banks Need To Agree On Now

This past Friday, the federal government rolled out its Paycheck Protection Program (PPP), which was designed by the recently-enacted CARES Act as a way to get $350 billion into the hands of small business owners.

Continue Reading

 

 

Congress Reaches Agreement On A Coronavirus Relief Package: Tax Aspects Of The CARES Act

Congress has agreed in principle to a $2 trillion relief package. What tax benefits does it offer individuals and businesses?

Continue Reading

 

 

House, Senate Coronavirus Relief Bills Offer Different Cash Payouts To Individuals

The Senate and House have both proposed bills that would provide immediate cash payments to most adult Americans. The amounts of the payments, however, differ greatly.

Continue Reading

 

 

Little-Known Tax Law Allows Employers To Make Tax-Free Payments To Employees To Cover Covid-19 Expenses

Section 139 was designed for times like these; it allows an employer to make tax-free payments to employees to cover certain COVID-19 related expenses.

Continue Reading

 

 

Mitch McConnell Wants To Give Everyone Some Cash: How Would It Work?

The CARES Act would attempt to put money in the pocket of most Americans. But how would it work?

Continue Reading