Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
Accounting August 29, 2022
AICPA Submits Comments on Virtual Currency Question on Form 1040 and Instructions
The AICPA is requesting that the question can be clarified before the 2022 forms are finalized in order to provide greater certainty to taxpayers and their preparers and to ...
August 25, 2022
IRS Sending Extra Refunds to 1.6 Million Americans in 2022
Many Americans may receive an extra refund this fall from the Internal Revenue Service. Those who were assessed a late penalty on their ...
August 25, 2022
IRS to Send $1.2 Billion in Penalty Relief Refunds in September 2022
The Internal Revenue Service will be sending out $1.2 billion in refunds in September to millions of American individuals and businesses, the agency has announced.
August 25, 2022
The Tax Blotter – Aug. 2022
The Tax Blotter is a bite-sized round-up of recent tax issues.
August 24, 2022
How to Speak to Your Clients About the IRS
There are several factors that explain how the IRS has failed to meet their commitment to service for the American people.
August 19, 2022
AICPA Endorses Bipartisan Letter Urging Action on IRS Tax Return Backlog
The backlog of unprocessed mail, returns and adjustments at the IRS has reached a critical stage that is adversely impacting taxpayers and tax practitioners.
Accounting Technology Lab Podcast August 18, 2022
The Technology Lab Podcast – Review of Tax1099 – August 2022
Randy Johnston and Brian Tankersley, CPA.CITP, CGMA review Tax1099, powered by Zenwork Inc., an IRS authorized e-filing and compliance platform.
August 18, 2022
Inflation Reduction Act Doubles the R&D Tax Credit for Startups
CPAs who service startups that conduct research should make sure that they are prepared to discuss this tax credit with their clients, as the legislation may double ...
August 18, 2022
IRS Will Need to Revise Forms 941, 943, 944 and More Due to Inflation Reduction Act
The legislation allows an additional payroll research tax credit of up to $250,000 against the legislation allows an additional payroll research tax credit of up to $250,000 against Medicare Hospital Insurance tax ...
August 16, 2022
NJEDA Opens New Jersey Corporate Tax Credit Auction to Fuel New Jersey Innovation Evergreen Fund
For the 2022 auction year, a pilot amount of $30 million of tax credits will be available for purchase through the New Jersey Corporate Tax Credit Auction.
August 15, 2022
How to Build the Best Relationship with a Client
How can tax professionals build the same strong advisory relationship and take a more proactive approach to the services we offer?
August 15, 2022
Inflation Reduction Act May Increase and Broaden Energy Tax Incentives
Under the expansion of the 179D deductions, your clients may also benefit from deductions if they’re REITs, trial properties, and non-profits.