Accounting February 28, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
Taxes August 29, 2022
N.Y. Borrowers Will Not Owe Taxes on Forgiven Student Debt
Officials in New York said Monday that the canceled student debt will not be taxable in the Empire State.
Taxes August 29, 2022
These 13 States Consider Student Loan Debt Forgiveness Taxable Income
Taxpayers in those states with $10,000 in forgiven debt could owe hundreds of extra dollars on their state tax returns.
August 29, 2022
AICPA Releases Comments Requesting Guidance in Key Areas Related to Remote Work
The AICPA requested guidance in several key areas related to employees working remotely and offering recommendations regarding the taxation of payments related to remote work.
August 29, 2022
AICPA Releases Exposure Draft and Invitation to Comment on Proposed Revisions to Tax Standards
Updates to the SSTSs will better reflect the issues and needs of members and the tax practices of today and in the future.
Accounting August 29, 2022
AICPA Submits Comments on Virtual Currency Question on Form 1040 and Instructions
The AICPA is requesting that the question can be clarified before the 2022 forms are finalized in order to provide greater certainty to taxpayers and their preparers and to ...
Taxes August 26, 2022
Which Vehicles Qualify for New $7,500 Electric Vehicle Tax Credit?
The Inflation Reduction Act only offers tax credits on electric vehicles assembled in North America.
Taxes August 26, 2022
IRS is Assessing Security for Offices, Staff After Political Attacks
The IRS, which has about 600 facilities nationwide, has become a target of GOP lawmakers in recent weeks.
August 25, 2022
California to Ban Gas-Powered Cars by 2035
If approved, the regulations are expected to significantly reduce vehicle carbon dioxide emissions, as well as smog-forming nitrogen oxides over the next two decades. It could also lead the way in transforming America’s aging fleet of gasoline-powered automobiles.
August 25, 2022
IRS Sending Extra Refunds to 1.6 Million Americans in 2022
Many Americans may receive an extra refund this fall from the Internal Revenue Service. Those who were assessed a late penalty on their ...
August 25, 2022
IRS to Send $1.2 Billion in Penalty Relief Refunds in September 2022
The Internal Revenue Service will be sending out $1.2 billion in refunds in September to millions of American individuals and businesses, the agency has announced.
August 25, 2022
The Tax Blotter – Aug. 2022
The Tax Blotter is a bite-sized round-up of recent tax issues.
August 24, 2022
Biden Cancels $10,000 in Student Loan Debt for Borrowers Who Make Less Than $125,000 a Year
The pause on federal student loan payments has also been extended to Dec. 31, the Biden administration said.