Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
Accounting February 21, 2023
Accounting Thought Leaders Discuss Future of the Profession, Advisory Services, and Tax
Accounting thought leaders convened in New York City Feb. 20-22, 2023, for CPA Practice Advisor's 13th annual Accounting Thought Leader Symposium.
Taxes February 17, 2023
Tax Season Best Practices to Avoid Identity Fraud – 2023
To fight identity fraud and cybercrime, tax preparers and filers must collaborate and adopt effective methods to secure their data and financial resources.
Taxes February 15, 2023
New Guidance for IRS Solar Tax Credit Program for Low Income Communities
This guidance applies to owners of certain solar and wind facilities placed in service in connection with low-income communities that are eligible for the section 48 energy investment credit.
Taxes February 15, 2023
Changes Coming to IRS Compliance Assurance Process Program
The CAP program began in 2005 as a way to resolve tax issues through open, cooperative and transparent interactions between the IRS and taxpayers before the filing of a return.
Taxes February 15, 2023
IRS Announces Interest Rates for Q2 2023
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
Taxes February 14, 2023
The Top Challenges Faced by Corporate Tax Pros
According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.
Taxes February 14, 2023
Tax Court Shows Why Real Mileage Logs are Important
The annotations show the locations he supposedly visited in connection with either business. For several reasons, the Tax Court didn’t find this evidence credible.
Taxes February 13, 2023
New Law Encourages Roth 401(k) Accounts
For 2023, a participating employee can contribute up to $22,500 in elective deferrals or up to $30,000 if they are age 50 or over.
Taxes February 13, 2023
IRS Says State Issued Stimulus Payments are Not Taxable
The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns.
Taxes February 10, 2023
Taxpayer Advocate Rips IRS for Delay in California Tax Issue Ruling
The IRS is trying to decide whether aid payments to taxpayers in more than a dozen states should be taxable.
Taxes February 8, 2023
Don’t File Your Returns Yet, IRS Tells Millions of Taxpayers
The issue comes with stimulus payments paid by some states in the last year, which has led to tax questions.
Taxes February 8, 2023
AICPA Sends Tax Proposals to Lawmakers
The 61 recommendations in the compendium include proposals related to employee benefits, individual income tax, international tax and tax administration, among others.