Households filing tax returns in 1996 that moved to a different income quintile by 2005.
Source: Income Mobility in the U.S. From 1996 to 2005, www.treasury.gov.
Data Point: 56%
FEATURE
Tackling TCJA changes this tax season
Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.
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.
From The Tax Adviser
From CPA Insider