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.
Taxes December 1, 2023
IRS Warns Taxpayers About Crypto ‘Pig Butchering’ Scams
IRS Criminal Investigation special agents have seen an uptick in a specific type of scheme that couples cryptocurrency with romance.
Taxes November 29, 2023
5 Ways to Gift Yourself Tax Savings This Holiday Season
The Illinois CPA Society offers five money moves to make before the end of the year to create some tax-time savings now and in the year ahead.
Taxes November 29, 2023
NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC
On December 11-12, the NYU 42nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business, will take place at the Westin New York at Times Square.
Taxes November 28, 2023
Survey Shows Proposed 1099-K Rules Would Hurt Sellers
As a result of these proposed changes, 83% of marketplaces anticipate sellers to leave their platforms, and a majority (55%) of marketplace sellers and gig workers are reconsidering online selling and on-demand work.
Accounting November 27, 2023
Xero Partners with Avalara to Add Automated Sales Tax Calculations
The solution brings advanced sales tax workflows and management directly into the Xero platform, allowing advisors and business owners to automate sales tax calculations, reporting and filing.
Taxes November 27, 2023
Republicans Protest Biden’s IRS Threshold Requirement for Online Purchases
The IRS said last week it is once again delaying implementation of the new $600 1099-K threshold for tax year 2023.
Taxes November 27, 2023
Corvee Adds Augusta Rule Deduction Guidelines for Home Rentals to Tax Planning System
The nickname is derived from the practice of taxpayers renting out their in homes as temporary lodging during major sporting events hosted in, or near, their city.
Taxes November 22, 2023
Shakira Reaches Deal to Settle Spanish Tax Fraud Case Before Trial Begins
According to the Associated Press, the Colombian pop star’s deal includes a suspended three-year sentence and a €7 million fine.
Taxes November 22, 2023
Ex-Kentucky CPA Accused of Failing to Report More Than $300,000 on Federal Taxes
A federal grand jury indicted Charles M. Stivers last week on two charges of making false statements on tax returns in 2018 and 2020.
Taxes November 22, 2023
2024 IRS Tax Refund Calendar – Estimate When You Will Get Your Tax Refund
The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days, so why pay to get your refund?
Taxes November 21, 2023
IRS Puts Off New 1099-K Reporting Rules for Another Year
Online sellers who use a third-party payment app will get a tax reprieve as the IRS will postpone the new $600 reporting threshold.
Small Business November 20, 2023
Why Small Business Owners Should Sign Up for the New IRS Business Tax Account
A new slate of online features—from making payments to viewing tax notices—might finally be available come 2024.