Home

Tax Alerts

Tax Briefing(s)

2018 Year-End Tax Planning Tax Reform 2.0 2018 Post-Filing Season Update

IRS Updates 2018 Schedule D Instructions to Correct Worksheet Error
The IRS posted updated instructions for 2018 Schedule D (Form 1040), Capital Gains and Losses, that include a corrected worksheet. The revised worksheet corrects a rate error that may have calculated ...

IRS Finalizes Rules Increasing Enrolled Agent Application and Renewal Fees
The IRS has finalized regulations that increase both the enrollment and renewal user fee for enrolled agents from $30 to $67. The rules also increase the renewal user fee for enrolled retirement plan ...

Indian Tribal Casino Distributions Taxable to Members
A married couple had unreported taxable income in the form of distributions received from casino revenue. However, the IRS did not obtain written supervisory approval before the first formal communica...

IRS Allowed to Treat Partnership as Aggregate of its Partners
The IRS was allowed to assert its authority under the abuse of entity rule of Reg. §1.701-2(e) to treat a partnership as an aggregate of its partners. Treating the partnership as an agg...

IRS Issues Nonconventional Source Fuel Reference Price for 2018
The IRS has published the reference price under Code Sec. 45K(d)(2)(C). The credit period for the nonconventional source production credit under Code Sec. 45K ended on December 31, 2013...

Comments Sought on Carbon Oxide Sequestration Credit
The Treasury Department and the IRS have requested general comments on issues arising from the Bipartisan Budget Act of 2018 (BBA) ( P.L. 115-123) amendments to the Code Sec. 45Q credit...

IRS Clarifies Treatment of Refunds with New SALT Limits
The IRS has provided four examples of the interaction of the new limit on the deduction on state and local taxes (SALT) under Code Sec. 164(b)(6) with the tax benefit rule for refunds under&...

Plug-In Electric Vehicle Credit to Phase Out for GM Vehicles
The tax credit for new qualified plug-in electric drive motor vehicles sold by General Motors, LLC, will begin to phase out April 1, 2019. The credit begins to phase out in the second calendar quarter...

2019 Foreign Housing Expense Limitations Released
The IRS has provided the adjustments to the limitation on foreign housing expenses for specific locations for tax year 2019. Generally, a qualified individual whose entire tax year is within the appli...

2018 Waivers of 911 Eligibility Requirements Due to Adverse Conditions
The IRS has provided a waiver for any individual who, for the 2018 tax year, failed to meet the eligibility requirements of Code Sec. 911(d)(1) due to war, civil unrest, or similar adverse c...

IRS Revises EIN Application Process
As part of its ongoing security review, the IRS is revising the application process for obtaining an employer identification number (EIN). Starting May 13, 2019, only individuals with social security ...

IRS Issues 2018 Nonconventional Source Fuel Reference Price
The IRS has published the nonconventional source fuel reference price for calendar year 2018. The credit period for the nonconventional source production credit under Code Sec. 45K ended on ...

AL - City of Gardendale increases local rental and lodgings tax rates
Effective June 1, 2019, the city of Gardendale increases its local Alabama rental and lodgings tax rates.Rental Tax RatesThe rental tax rates for the following increase from 1% to 4%:general rate item...

FL - Rate reduction, holidays, and exemptions for certain items damaged by hurricane Michael enacted
Legislation is enacted that:reduces the Florida sales tax rate on the rental of commercial real estate;authorizes sales tax holidays for disaster preparedness and back-to-school items; andauthorizes s...

GA - Georgia enacts economic nexus changes
Georgia Gov. Brian Kemp has signed legislation enacting sales and use tax economic nexus changes for the state. The Georgia Department of Revenue has issued guidance on the changes, Policy Bullet...

Welcome and thank you for visiting the website of Albright, Fortenberry & Ninas. The AF&N team is committed to helping you achieve your goals. We are problem solvers that take the time to understand the unique needs of our clients.

We are conveniently located in the Brookstone Office Park near the North By-Pass and Bradley Park Drive in North Columbus.

In addition to providing you with a profile of our firm and the services we offer, this website has been designed to become a helpful resource tool for you, our valued clients and visitors. Our commitment to excellence has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance available in the industry today.