Services Tax Tony Nitti Resources

Tony Nitti Resources

RubinBrown 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.

Tax News
Specialized Tax Trainings
Tony Nitti on Forbes

08/28/2020

COVID-19: SBA Releases Interim Final Rule Governing Forgiveness of Paycheck Protection Program (PPP) Loans

On August 24, 2020, the Small Business Administration (SBA) published an Interim Final Rule (IFR), governing forgiveness of Paycheck Protection Program (PPP) loans.

08/13/2020

COVID-19: Small Business Administration Publishes Frequently Asked Questions Regarding PPP Loan Forgiveness

On August 4, 2020, the Small Business Administration (SBA) published 20 new Frequently Asked Questions (FAQs) governing forgiveness of Paycheck Protection Program (PPP) loans.

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.

TonyNitti-2020-FedTaxUpdate-Webinar-Assets-WebpageBanner.jpg

2020 Federal Tax Updates Webinar

Individual Practitioners Training
November 13, 2020 | 10:00a - 7:00p ET

Tony Nitti will discuss the latest federal tax updates, legislation passed in 2020 and the election results and the impact to federal tax.

Click here to purchase registration

Webinar Timing

10:00a - 7:00p ET

Continuing Education

CPE Credit: 8.0
Field of Study: Taxes
Meeting Type: Group Live Presented Online Due to COVID-19
Level of Knowledge: Intermediate
Prerequisites: Basic knowledge of tax law.
Advance Preparation: None
Price: $300.00

For more information regarding concerns and/or program cancellation notices, please contact our office at marketing@rubinbrown.com or call 1.888.591.3140.

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.

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?

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.

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.

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?

Events & Seminars

View Full Calendar

E-Focus Newsletters

10/15/2020

Focus on Taxation: Meals & Entertainment Final Regulations Clarify Deductibility

The IRS and Treasury have finalized regulations implementing amendments made by the Tax Cuts and Jobs Act (TCJA) to business related meals and entertainment deductions.

10/09/2020

Focus on Private Equity: PPP Loans and Changes of Ownership

Prior to October 2, 2020, it was presumed that any entity contemplating a change in control that had received Paycheck Protection Program (PPP) funds would be required to obtain approval for the transaction from the SBA prior to sale.

10/07/2020

Focus on Taxation: Interaction between Paycheck Protection Program Loan Forgiveness and the Research & Experimentation Tax Credit

Taxpayers that received a Paycheck Protection Program (PPP) loan for which forgiveness will be sought that also claim the Research & Experimentation (R&E) tax credit must consider the potential impact PPP loan forgiveness could have on the R&E tax credit.

View All E-Focus Newsletters