Accounting February 19, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
February 8, 2024
AICPA Asks Treasury for Guidance on Domestic Grantor Trusts
AICPA’s recommendations focus on simplifying filing for taxpayers and practitioners and reducing the administrative burden on the IRS.
IRS February 7, 2024
Retired IRS Agent Gets Month in Jail for Causing Fatal Crash in Ohio
James Farley pleaded guilty last month to aggravated vehicular homicide, which is a third-degree felony.
Taxes February 7, 2024
IRS Launches Hub for Employer-Provided Childcare Tax Credit
The new webpage gives information on the tax incentive for businesses that provide childcare services to their employees.
Income Tax February 7, 2024
AICPA Says FBAR Deadline Should Match Disaster Relief Deadline Extensions
The AICPA recommends that FinCEN adopt a policy of automatically granting FBAR filing postponements to coincide with the relief provided by the IRS when the IRS grants postponements
Small Business February 7, 2024
How Did Your 1099 Season Go? New E-Filing Rules Challenged Some in 2024
Due to changes in reporting requirements, the 2024 filings became a little more challenging: The years ahead may be even more so.
Taxes February 6, 2024
Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act
However, Treasury warned that if $20 billion is cut from the IRS’s funding allotment, it would reduce revenues by over $100 billion.
Sales Tax February 6, 2024
How to Manage Tax Exempt Sales More Effectively
Collecting, validating, storing, and renewing exemption certificates is a challenge for many tax and finance departments.
Taxes February 5, 2024
Why Idaho Senator Mike Crapo Largely Controls Bipartisan Tax Bill’s Fate
The top GOP member of the Senate Finance Committee has signaled he won’t support the family and business tax break bill as-is.
Taxes February 2, 2024
GOP SALT Bill on Shaky Ground After Getting Over House Rules Hump
Democrats back lifting deductions cap but argue Republican-backed legislation is an election-year gift.
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Taxes February 1, 2024
Tax Court Says Group Overshot on the Augusta Rule
If the rental period lasts 14 days or less—in other words no more than two weeks—you don’t have to report any of the taxable income to the IRS On the other side of the coin, the rental expenses aren’t tax-deductible, either.
Taxes February 1, 2024
Tax Relief for Fire Victims Clears Major Hurdle with House Vote
The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.
Taxes February 1, 2024
IRS Says It Won’t Change Decision to Tax Minnesota Rebate Checks
The state’s rebates didn’t fall under the category of general welfare or disaster relief, both of which can be excluded from federal taxes.