6 Technical Must-Reads for CPAs from the AICPA Tax Adviser’s August Tax Clinic– August 03, 2020 by Tony Bakale

Today’s economic and regulatory environment is like no other. However, as businesses face significant challenges, there are also areas of opportunity — if you know where to look.

As editor of the AICPA’s Tax Adviser August Tax Clinic, a special section in the professional journal that brings current tax issues to light, I am reminded (and proud) of the depth of knowledge Cohen & Company is fortunate to have among its tax professionals.

This year’s Cohen & Company contributors focused on helping practitioners nationwide better understand areas such as state and local considerations in F reorganizations, phantom stock conversions, export tax incentives, partnership allocations and, of course, ramifications of the recently passed CARES Act — specifically NOL carrybacks and the AMT, and opportunities available on previously filed returns.

Below is a comprehensive list of Cohen & Company articles as they appear in the issue.

  1. State and local considerations in using an F reorganization to facilitate an acquisition Hannah Prengler, CPA, and Sara Britt, J.D.
  2. Issues in converting phantom stock plans to actual ownership Phil Baptiste, CPA, MT
  3. Export tax incentives after the Tax Cuts and Jobs ActRay Polantz, CPA, MT
  4. Interplay between NOL carrybacks and the AMTAndreana Shengelya, CPA, MT
  5. Partnership allocations lacking substantial economic effect Derek Godwin, CPA
  6. The CARES Act and opportunities to implement changes on previously filed returns Robert Venables, CPA, J.D., LL.M.

Please contact Tony Bakale at tbakale@cohencpa.com or any of the authors above for further discussion.

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Cohen & Company is not rendering legal, accounting or other professional advice. Information contained in this post is considered accurate as of the date of publishing. Any action taken based on information in this blog should be taken only after a detailed review of the specific facts, circumstances and current law.