Advisory September 16, 2026
Your Client Has 501(c)(3) Status. Is Its Illinois Real Estate Exempt?
State sales tax exemptions and property tax exemptions, often do not flow with federal public charity status.
Legislation March 21, 2024
The New Tax Court Limited Partnership Ruling: What to Know
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 21, 2024
Texans Are Leading the Way So Far on IRS Direct File Program
While the exact number was not available, the Treasury Department says Texas has the most filers on a per capita basis.
Taxes March 21, 2024
IRS Revenue Agent Charged With Filing False Tax Returns in Massachusetts
Ndeye Amy Thioub, 67, also taught college-level classes on accounting standards and ethics at Salem State University.
Taxes March 20, 2024
7 Signs an ERC Claim May be Incorrect
The Internal Revenue Service is urging businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.
Taxes March 20, 2024
Warren Reintroduces ‘Ultra-Millionaire’ Tax Legislation
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 19, 2024
Tax Filing Tips for Life’s Biggest Milestones
Having basic knowledge of how life’s biggest milestones may impact the way you file your taxes is essential to ensuring that tax season goes smoothly for you and your family.
Taxes March 19, 2024
Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States
Stephen Jake McGonigle, 66, was ordered to pay the $1.2 million in restitution that he took from victims in the scheme.
Taxes March 18, 2024
Tax Law: These TCJA Provisions Will Expire Soon
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.
Taxes March 18, 2024
Bloomberg Tax Launches Tax Workpapers to Automate Process
Bloomberg Tax & Accounting has launched Bloomberg Tax Workpapers, which streamlines the tax workpapers process with a combination of data prep, spreadsheets, integrated tax guidance, and controls
Taxes March 15, 2024
Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?
The president recently introduced several tax proposals targeting big businesses and the wealthiest Americans.
Taxes March 15, 2024
IRS Offers Special Resources Pages in 21 Languages
The agency's multilingual efforts are a part of its Strategic Operating Plan, which has received additional funding since the enactment of the Inflation Reduction Act.
Taxes March 15, 2024
IRS Says March 22 is Deadline to Resolve Questionable ERC Claims
The Internal Revenue Service has renewed its message for businesses to review the Employee Retention Credit guidelines to avoid future compliance action for improper claims.