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 November 27, 2023
Republicans Protest Biden’s IRS Threshold Requirement for Online Purchases
The IRS said last week it is once again delaying implementation of the new $600 1099-K threshold for tax year 2023.
Accounting November 24, 2023
Trump Org Controller Weeps at NYC Fraud Trial
Jeffrey McConney fell to pieces testifying about the dramatic end to his storied career working for Donald Trump.
Accounting November 24, 2023
Accountant Pleads Guilty to Stealing More Than $715,000 From Dermatology Clinic
Carol Casilla, 26, of Spokane, WA, faces up to 20 years in prison for the one count of wire fraud. She will be sentenced in February.
Digital Currency November 24, 2023
Binance Pleads Guilty to U.S. Charges, Loses CEO
As part of the sweeping settlement with the U.S., Changpeng Zhao will pay a $50 million fine and step down as CEO of Binance.
Firm Management November 24, 2023
Weaver to Add New York CPA Firm Buchbinder Tunick
Effective Jan. 1, 2024, the deal adds 125 audit, tax, and advisory professionals, including 16 partners, to the top 35 firm.
Taxes November 22, 2023
Shakira Reaches Deal to Settle Spanish Tax Fraud Case Before Trial Begins
According to the Associated Press, the Colombian pop star’s deal includes a suspended three-year sentence and a €7 million fine.
Taxes November 22, 2023
Ex-Kentucky CPA Accused of Failing to Report More Than $300,000 on Federal Taxes
A federal grand jury indicted Charles M. Stivers last week on two charges of making false statements on tax returns in 2018 and 2020.
Taxes November 21, 2023
IRS Puts Off New 1099-K Reporting Rules for Another Year
Online sellers who use a third-party payment app will get a tax reprieve as the IRS will postpone the new $600 reporting threshold.
Advisory November 21, 2023
Estate Planning: A Guide for Accountants
Early estate planning strategies are critical to your clients, and accountants and tax professionals can offer significant and valuable assistance in the process.
Payroll November 21, 2023
Does a Company’s 401(k) Match Entice You to Cash Out?
An academic study published last year suggests generous employer matches can make cashing out more tempting.
Small Business November 20, 2023
Why Small Business Owners Should Sign Up for the New IRS Business Tax Account
A new slate of online features—from making payments to viewing tax notices—might finally be available come 2024.
Firm Management November 16, 2023
EY Names Janet Truncale Global CEO
Truncale, who will succeed Carmine Di Sibio on July 1, will be the first female global CEO of a Big Four firm.