Income Tax October 24, 2026
A Corrected Tax Document Arrived After Review. What Needs to Reopen?
The operational question is not whether the upload succeeded. It is whether the change reached the person responsible for deciding what happens next.
Accounting December 24, 2024
State CPA Society News and Updates – Dec. 2024
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Taxes December 23, 2024
IRS Asks for Feedback on Draft Instructions for R&D Tax Credit Form 6765
The IRS on Dec. 20 released the draft Instructions for Form 6765, Credit for Increasing Research Activities, and is seeking feedback on proposed changes to the form, which is used by taxpayers to claim the research and development tax credit.
Taxes December 23, 2024
Tax Professionals Subject to New Requirements Proposed By the IRS
CPAs, enrolled agents, and other practitioners would have to maintain technological competency under proposed regulations issued by the Treasury Department and the IRS on Dec. 20, which would update Circular 230.
Taxes December 22, 2024
IRS to Issue Special Payments to 1 Million Taxpayers
The Internal Revenue Service has announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Taxes December 19, 2024
IRS Raises Standard Mileage Rate to 70 Cents Per Mile in 2025
The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
Auditing December 19, 2024
Ensuring Success 2024 Online Conference Wrap Up, Day 2 –
Thursday's free CPE session topics begin at 9am ET, and include Secure Act 2.0 effects on retirement, CAS, business license management, firm strategies, tax resolution, firm staffing, and marketing. Day two sessions start at 9am ET.
Taxes December 18, 2024
California Securities Attorney Charged with Tax Crimes
A grand jury in San Diego has returned an indictment unsealed charging a California attorney with tax evasion, filing a false tax return and failing to file tax returns with the IRS.
Taxes December 18, 2024
Why Few Tipped Restaurant Workers Will Likely Benefit From Trump’s Promise of No Tax on Tips
While many workers hoped for tax-free tips, experts warn the proposal could disproportionately benefit higher earners and exacerbate inequalities in the service industry.
Taxes December 18, 2024
Trump’s Return Has CEOs Feeling Optimistic About 2025
A new survey shows an uptick of CEOs being more upbeat about 2025 due to top executives believing they will “benefit from lower corporate taxes and less regulation” as a result of Trump’s election.
Payroll December 18, 2024
At a Glance: The Average American Household Budget
The average U.S. household spends more than $70,000 on housing, meals, transportation, health care and more. How does your household compare?
Taxes December 17, 2024
5 IRA and 401(k) Changes to Know for 2025
Savvy savers should plan ahead to help save more and avoid penalties and tricky tax situations. Here are five changes coming to IRAs and 401(k)s in 2025.
Taxes December 16, 2024
Understanding Trump’s Push to Lock in the TCJA
Whether the provisions in the Tax Cuts and Jobs Act are extended, modified, or left to expire, the decisions made in the coming years will shape the tax landscape for a generation.