U.S. exporters are evaluating how to best use IC-DISC and FDII incentives if tax rules change.
The skills and ingenuity the accounting profession showed in reacting to the pandemic can be applied proactively with a new type of competition.
Simplifying the corporate structure often runs into complications.
Pandemic relief for 2021 also includes a temporary increase in the exclusion amount.
A key criterion is the overpayment date of a processable return.
Two articles received the JofA’s Lawler Award for the best articles of 2020.
The Supreme Court holds that an adviser's injunction request is not barred by the Anti-Injunction Act.
The IRS has supplemented its guidance on COBRA premium payment assistance and the corresponding business tax credit under the American Rescue Plan Act.
A new online portal automates the submission of powers of attorney and tax information authorizations, and there are plans to expand its functionality over time.
A CPA shares advice for organizations and practitioners on single audits and why more expertise is needed, and an AICPA vice president explains the reasons behind the organization’s support of a bill recently introduced in the House of Representatives.
COVID-19 sick and family leave credits may be claimed for vaccination paid time off ... IRS extends e-signature authorization for 6 months ... Receipt of bitcoin cash as a result of a hard fork is gross income to taxpayer
The IRS warns taxpayers of unscrupulous tax promoters in the fourth installment of its annual list of common tax scams.
Hear why the AICPA is backing proposed legislation that would categorize accounting as a STEM career; also, get the scoop on the “Dirty Dozen” tax scams.
The IRS in Rev. Proc. 2021-14 specifies procedures regarding limitation and carryback of net operating losses from farming in light of CARES Act provisions.
The IRS announced that is has added a new feature to its Child Tax Credit Update Portal to allow individuals to enter bank information so they can receive advance child tax credit payments by direct deposit.
The IRS explains which meals qualify for a temporary 100% expense deduction.
Learn about the important role some CPAs play in the success of the IRS’s certified professional employer organizations program.
Individuals working past age 65 who want to continue contributing to a health savings account need to carefully follow Medicare’s enrollment rules to avoid significant penalties.
The debtor's argument that a loan wasn't shown to have been used solely to pay higher education expenses is unavailing.
ARPA temporary measures are quantified in a revenue procedure.