Correction


An article in January, “Home Free,” misstated a rule for excluding gain under IRC section 121 from the sale of a home acquired in an IRC section 1031 like-kind exchange. The home must have been held five years but does not have to be used as a principal residence for that period. The JofA regrets the error.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.