![natural_disasters_list_1_.56117a5e5df03[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2021/12/natural_disasters_list_1_.56117a5e5df03_1_.61c1db14bf0ea.png)
AICPA December 18, 2025
AICPA Applauds Passage of Disaster Legislation to Extend Lookback Period
The act offers taxpayers impacted by disasters more opportunities to meet their tax obligations without additional confusion, stress, and anxiety.
August 2, 2022
Georgia Says Embryos are Dependents for Tax Purposes
The state of Georgia's taxation department has announced that taxpayers can claim fertilized embryos as dependents for tax purposes.
Accounting August 2, 2022
History Rewind: Behind the Bernie Madoff Scam
In 2009, Bernie Madoff pleaded guilty to a Ponzi scheme that cost investors an estimated total of $65 billion, the largest in U.S. history. Before that, he had been chairman of the NASDAQ stock ...
Taxes August 1, 2022
IRS Admits Mistakes Have Been Made with Some Balance Due Notices
Taxpayers who received a CP14 notice but already paid the tax they owed do not need to respond to the notice, IRS said.
August 1, 2022
Leveraging Value-Added Services For Higher Quality Engagements With Clients
Unearthing a client’s needs may not be as simple as asking them to employ your consulting services, but it won’t take intensive investigative work either.
Taxes August 1, 2022
Sioux City CPA Found Not Guilty of Filing False Tax Returns
“I’m looking forward to finally being able to move on with my life,” said David Schmit, partner at King, Reinsch, Prosser & Co.
July 31, 2022
Brooklyn Man Who Withheld Info from Tax Preparer Pleads Guilty to Tax Evasion
The man underreported to his return preparer the actual amount of income he received from the sale of his stock, which was worth $4.1 million.
July 31, 2022
How Should States Tax NFT Sales?
NFTs grew out of blockchain, a decentralized, “peer-to-peer network that sits on top of the internet.” Blockchain emerged in ...
July 29, 2022
Key Tax Provisions in the 2022 Inflation Reduction Act
It also includes significant tax changes, although a tougher international tax regime and a controversial “millionaire’s tax” are notably missing from the final version of the bill.
July 28, 2022
What Your Clients Need to Know about Nexus, Home Rule, and Sales Tax
Businesses required to collect and remit sales tax in multiple states have a hard row to hoe. Keeping track of changing sales tax rates, online sales tax requirements and ...
July 28, 2022
Senators Reach Deal on Bill Affecting Climate, Health Care, and Taxes
Plan affects healthcare and energy costs, imposes a minimum corporate tax, cuts down carbon emissions, and allows Medicare to negotiate drug prices.
Taxes July 28, 2022
Manchin Backs $369 Billion Energy Plan, Rejects SALT Expansion
Senate Democrat also said he supports increasing IRS enforcement and ending the carried interest tax break.
Firm Management July 27, 2022
What CPA Firms Need to Know about Outsourcing
To help lighten the load and setup for success, many firms have turned to outsourcing. Essentially, outsourcing is when a business hires a third party to provide services or complete certain tasks for the business.