Taxes August 24, 2026
There’s an ongoing legal debate taking place in the courts over the self-employment tax treatment of partnership income that is flying below the radar for many busy tax professionals.
Taxes April 24, 2024
The bill, introduced in both the House and the Senate, would require the IRS to spell out exactly what the error on the return is.
Taxes April 17, 2024
This relief was provided to certain RMDs in 2021, 2022, and 2023, and is being extended in Notice 2024-35 to 2024.
Taxes April 17, 2024
The revised FAQs pertain to the new, previously owned, and qualified commercial clean vehicle credits.
Taxes April 11, 2024
While the cuts yielded benefits to Americans up and down the income scale, the benefits could best be described as modest.
Taxes April 9, 2024
The new guidance pertains to the Inflation Reduction Act's 1% excise tax owed on corporate stock repurchases or buybacks.
Taxes April 9, 2024
However, taxpayers will need to reduce the basis of the property when they sell it by the amount of the rebate, the IRS said last week.
Taxes April 5, 2024
Senate Republicans don’t want to hand President Biden an election-year victory on the legislation, which passed the House in January.
Legislation March 21, 2024
The U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership.
Taxes March 20, 2024
The tax, which would impact the top 0.05% of the nation’s households, would bring in $3 trillion in revenue over 10 years.
Taxes March 18, 2024
The nation’s lawmakers may allow these provisions to expire as written into the TCJA, extend them indefinitely, for a period of time or even permanently, or otherwise modify them.
Accounting March 13, 2024
The legislation, which moved to the state's Senate Finance Committee, would provide an option to licensure with 120 credit hours.
Taxes March 12, 2024
As property values surge, some state lawmakers are hoping to end the property tax. Doing so would not be cheap or easy.