Bob Scott

Bob Scott

ATX Gets eSignature Support

 Wolters Kluwer Tax & Accounting has given users of the ATX tax software the ability to sign returns electronically. Built into the tax software ATX eSignature enables users to sign via DocuSign. 

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Draft Issued for Capital Account Reporting

The Internal Revenue Services has released an early draft of instructions on Form 1065 for tax year 2020 regarding the reporting of capital accounts to partners in K-1s. Revised instructions require partnerships to calculate partner capital accounts using the transactional approach for the tax basis method.

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Second BDO Puerto Rico Partner Indicted

Gabriel Hernandez, the partner-in-charge of tax division for BDO Puerto Rico, has been indicted on ten counts of wire fraud. That means the two men who founded the organizatoin that became a BDO firm has been indicted on multiple charges this year.

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