Taxes February 13, 2026
Tax Court Slams Brakes on Charitable Deduction
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
Taxes June 21, 2024
IRS Offers Guidance on Exceptions to Tax on Early Emergency Retirement Distributions
A taxpayer is permitted to receive a distribution from an applicable eligible retirement plan to meet unforeseeable or immediate financial needs relating to necessary personal or family emergency expenses.
Taxes June 21, 2024
House GOP Shifts Message on 2017 Tax Cuts
Cost concerns and blue-district GOP issues prompt strategy rethink among Republicans charged with reviewing the expiring provisions.
Taxes June 21, 2024
New Draft Form of Form 6765 Released: Credit for Increasing Research Activities
Section G, which was labeled “Section F” in the version of the form that IRS shared last fall, requests the Business Component Detail.
Taxes June 21, 2024
Senate Finance Dems Look to Raise Revenue for 2025 Tax Cliff
Top party lawmakers are making it clear that taxes need to rise on wealthy individuals and multinational corporations.
IRS June 18, 2024
IRS Releases FAQs on Sec. 127 Educational Assistance Programs
If provided under an educational assistance program, certain educational assistance benefits can be excluded from gross income.
Taxes June 17, 2024
IRS Plans to Stop Basis Shifting Transactions
Cracking down on this tax loophole used by the wealthy could raise more than $50 billion in revenue over 10 years, Treasury said June 17.
Taxes June 14, 2024
IRS Warns About Scams Targeting Seniors
By posing as representatives from agencies such as the IRS, or other government agencies, these fraudsters use fear and deceit to exploit their victims.
Taxes June 14, 2024
Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%
Trump pitched his support for cutting the business tax rate during a private meeting in Washington Thursday with roughly 100 CEOs.
Taxes June 13, 2024
A Crucial Window for Estate Planning: Preparing for 2026 Changes
Contrary to common belief, the benefits of estate planning aren’t exclusive to the ultra-wealthy. The mid-affluent—individuals and married couples poised for significant asset growth—should also consider their future tax exposure.
Taxes June 12, 2024
BDO Survey: Election Year Fosters Concerns for Tax Leaders
Changes to certain Inflation Reduction Act renewable credits, as well as to federal corporate tax rates, are among their concerns.
Firm Management July 9, 2024
Webinar: Tax Firm Innovation: Assessing and Enhancing Your Current Processes
With so many new features, automation technologies and firm modernizations coming out in 2024, Tax & Accounting professionals have a lot to keep up with. Join SafeSend for an informative webinar where we press pause on all these notifications and break it down.
Accounting June 9, 2024
AI, Automation and Outsourced Staffing Options on Display on AICPA Engage Trade Show Floor
CPA Practice Advisor visited with many companies at AICPA Engage to discuss solutions that can help practices be more productive, efficient and profitable.