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.
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Taxes August 29, 2024
Tax Court Says S Corporation Owner Owes Tax on Phantom Income
The Tax Court determined that the law still required the S corp filer to report his proportionate share of the S corp income for the tax years in questions.
Accounting August 29, 2024
The 2024 Tax and Accounting Technology Innovation Awards Announced
CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession.
Taxes August 27, 2024
Taxbit Rolls Out 1099-DA Support
Taxbit's scalable platform is designed to adapt to the evolving complexities of digital asset reporting, the company said Aug. 27.
State and Local Taxes August 27, 2024
Why Bill Belichick Thinks ‘Taxachusetts’ Deters Free Agents From Joining Patriots
The ex-New England Patriots coach says Massachusetts' additional 4% surtax on taxable income over $1 million hinders the team.
Small Business August 27, 2024
Are Your Clients Compliant with Tangible Personal Property Taxes?
Almost every state has rules about the taxability of goods and services, and the complexity of those rules affects a lot of business owners and CFOs daily. But a tax on tangible personal property can be just as confusing.
Taxes August 26, 2024
U.S. Taxpayers in Puerto Rico Get Relief Due to Tropical Storm Ernesto
These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).
Small Business August 26, 2024
Why Sales Taxes Are Often Different for Takeout, Delivery and In-Restaurant Food
Sales tax typically applies to both dine-in and takeout food in Colorado, Florida, Indiana, Kentucky, New York, Texas, and Wisconsin, at least if it’s from a restaurant.
Small Business August 25, 2024
Taxes on Digital Products Vary Widely – A State-by-State Guide
Some states don’t tax digital products because they’re intangible, while others treat intangible goods as taxable tangible personal property because they can be seen or experienced.
Taxes August 22, 2024
IRS Highlights New Payment Options Within Business Tax Account Tool
Business tax account was launched last October as part of the agency's service improvement initiative under the Inflation Reduction Act.
Taxes August 22, 2024
Interest Rates to Stay Unchanged for Q4 of 2024, IRS Says
Starting on Oct. 1, the rate for tax overpayments and underpayments for individuals will be 8% per year, compounded daily.
Taxes August 21, 2024
Tax Court Rules on Losses from Rental Activities
The tax court judge figured out that the husband would have had to work 40 hours at his regular job and 48 hours a week on the real estate activity.
Taxes August 21, 2024
New Tools Help Governments Tap Clean Energy Tax Credits
The process for obtaining these credits is unlike that of any previous program, and online resources have added to make it easier to navigate.