Tax Practice Advisor

A new poll found that a majority of voters (76%) weren’t worried about the prospect of being audited by the IRS.

First off, the employer must contribute to a SEP-IRA for any employees age 21 and over who have worked for the business three out of the previous five years

Wealthy Americans should be prepared for audit levels they haven’t seen in decades, if the Democrats’ tax and climate bill passes the House.

This tax break has been in the crosshairs of Congress for years but was removed from Senate Democrats’ Inflation Reduction Act.

ICPAS SUMMIT22’s more than 50 sessions will be hosted by nearly 60 thought leaders, including keynotes from some of the accounting profession’s most influential people.

Historically, over the past 60 years, it has been shown that during adverse economic cycles, the sales tax provides a much more consistent method of funding relative to the income tax.

The man underreported to his return preparer the actual amount of income he received from the sale of his stock, which was worth $4.1 million.

NFTs grew out of blockchain, a decentralized, “peer-to-peer network that sits on top of the internet.” Blockchain emerged in ...

It also includes significant tax changes, although a tougher international tax regime and a controversial “millionaire’s tax” are notably missing from the final version of the bill.

Businesses required to collect and remit sales tax in multiple states have a hard row to hoe. Keeping track of changing sales tax rates, online sales tax requirements and ...

The study found that despite leases typically making up a large portion of an organization’s budget, nearly three-quarters (71%) of private companies are not entirely confident they ...

The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession by visibly and incrementally changing...

While almost all states offer a Voluntary Disclosure Agreement (VDA) program, issues that qualify for inclusion in these programs vary widely, according to Bloomberg Tax & Accounting’s 22nd annual Survey of State Tax Departments.

As of this year, companies must deduct their domestic R&D expenses over five years instead of all upfront, making the tax break less lucrative.

Ecommerce has enabled millions of small and midsize businesses to tap into the global market. This presents enormous opportunities. It can also create a world of tax requirements.

Lawmakers are increasingly turning to sales tax holidays with unprecedented scope and duration. For example, Florida added five tax-free holidays, ranging from tools for ...