House Approves IRS Reform Package
The House on April 18 approved the two largest bills of a
bipartisan IRS reform package. On April 17, the House approved
seven other bills, by voice vote, which are also part of the larger
IRS Chief Outlines Tax Reform Implementation
The IRS is already working on implementing tax reform, according to
IRS Acting Commissioner David Kautter. Speaking at a Tax Executives
Institute event in Washington, D.C., Kautter discussed current I...
New Law Clarifies Partnership Audit Rules
Technical corrections to the partnership audit rules were included
in the bipartisan Consolidated Appropriations Act (CAA), 2018
( P.L. 115-141), which was signed by President Trump on March
Congress takes first steps to tax reform
Tax reform continues to be highly touted in Congress as lawmakers
from both parties call for simplification of countless complex
rules, overhaul of tax rates, and more. At times this year,
IRS focuses on new partnership audit rules
Legislation enacted in 2015 provides new rules for IRS partnership
audits. The new rules are a drastic departure from current rules
and the IRS is hopeful that the rules will simplify the audit
How do I? Set up a like-kind exchange
Under Code Sec. 1031, a taxpayer can make a tax-free exchange of
property held for productive use in a trade or business or for
investment. The exchange must be made for other property that the
Welcome to Rio Grande CPA, a full service accounting firm focusing on Tax, Accounting/Bookkeeping, and Consulting for individuals and small businesses. We can be your one stop shop for professional accounting services. We endeavor to provide the highest quality professional service and guidance you should expect of a CPA firm.
This website has been designed to become a helpful resource tool to our valued clients and visitors.
Check out the Information Center above for useful resources such as informative articles and interactive financial calculators. You can sign up for our monthly e-newsletter at the e-newletter icon below.
Have questions? View the Frequently Asked Question "FAQ" page or feel free to contact us. We would love to hear from you.
A public accounting firm headquartered in Taos, New Mexico, USA.