Terry Sheridan

Member Since: Apr 16th 2014

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Bio

Terry Sheridan is an award-winning journalist who has covered real estate, mortgage finance, health care, insurance, personal finance, and accounting and taxation issues for newspapers, magazines, and websites. A Chicago native and former South Florida resident, she now lives in New England.

Terry Sheridan

Oct 10th 2018

What Exactly Qualifies as Business Income?

The AICPA has identified 11 areas of qualified business income that the organization believes warrant more guidance and that affect...

Business Tax

Oct 5th 2018

Despite Possible Deregulation, the CPA Field is Growing

Despite rising nationwide concerns about the regulation of CPAs and other financial advisory positions, the Bureau of Labor Statistics (BLS...

Fraud

Oct 4th 2018

The IRS Answers Questions About the TCJA General Business Credit

In Notice 2018-71 , the IRS addresses 34 questions and answers on the new Section 45S, which was added to the Tax Cuts and Jobs Act to...

IRS

Oct 3rd 2018

What Changes Has the IRS Made to Moving Expense Reimbursement?

The IRS recently announced that employer payments or reimbursements in 2018 for employees’ moving expenses that happened prior to this year...

IRS

Oct 2nd 2018

Research Shows Gen Z is Still Interested in an Accounting Career Path

Is accounting still a relevant and attractive career path? As it turns out, yes. According to a recent report by the International...

Growth

Oct 1st 2018

What Clients Should Know About Per Diem Rate Changes

In IRS Notice 2018-77 , the agency explains the new special per diem rates taxpayers must use to substantiate “the amount of ordinary and...

IRS

Sep 26th 2018

Where Do IRS Tax Info Redaction Plans Stand?

The National Association of Enrolled Agents (NAEA) has indicated concerns to the IRS regarding plans to redact sensitive taxpayer...

IRS

Sep 24th 2018

Will Better Guidance Come for Section 9651?

In an Aug. 28 letter, the American Institute of Certified Public Accountants (AICPA) has asked the IRS for better guidance on the reporting...

IRS

Sep 21st 2018

Who Does the IRS Consider to Be a Qualifying Relative?

The IRS recently announced that it plans to issue regulations to reduce the personal exemption amount to zero for tax years 2018 through...

IRS

Sep 20th 2018

Will There Be Another Financial Crisis? Experts Weigh In

As an advisor to your individual and business clients, you’re probably sick of hearing about when or if the next financial crisis will...

Clients