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Taxes February 15, 2023 

This guidance applies to owners of certain solar and wind facilities placed in service in connection with low-income communities that are eligible for the section 48 energy investment credit.

Isaac M. O'Bannon

Taxes February 15, 2023 

The CAP program began in 2005 as a way to resolve tax issues through open, cooperative and transparent interactions between the IRS and taxpayers before the filing of a return.

Isaac M. O'Bannon

Taxes February 15, 2023 

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Isaac M. O'Bannon

Accounting Technology Lab Podcast February 14, 2023 

Technologists Randy and Brian evaluate Valadis, a tool that extracts data from all financial systems to automatically generate full sets of standardized working papers. This data can then be imported into working paper systems.

Brian Tankersley, Randy Johnston

Taxes February 14, 2023 

According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.

Isaac M. O'Bannon

Taxes February 14, 2023 

The annotations show the locations he supposedly visited in connection with either business. For several reasons, the Tax Court didn’t find this evidence credible.

Ken Berry, JD

Accounting February 13, 2023 

I believe one or more products from each category will be helpful to you. While CES produces its Innovation Awards that you can review, the items below will be more beneficial to the practice of accounting or your clients.

Randy Johnston

Taxes February 13, 2023 

For 2023, a participating employee can contribute up to $22,500 in elective deferrals or up to $30,000 if they are age 50 or over.

Ken Berry, JD

Accounting February 13, 2023 

In late 2022, a new AI tool, called ChatGPT, exploded into the marketplace. Since then, it’s been mentioned in hundreds of online articles, in chatrooms, and in the media.

Becky Livingston

Accounting February 13, 2023 

Professionals on the Move is a round-up of recent staff promotions and hires, from around the accounting profession.

Mary Girsch-Bock

Firm Management February 13, 2023 

When employees feel valued, respected, and supported by leadership, your firm builds and sustains trust in its talent.

Sandra Wiley

Taxes February 13, 2023 

To leverage a 1031 exchange, an investor has to ensure the income from a real estate investment property sale is reinvested (or “exchanged”) in like-kind property.