Income Tax October 17, 2023
American Living in Monaco Pleads Guilty to $5.1 Million IRS Tax Evasion
Schechter never disclosed the income from the sale of the Monaco apartment or the securities bought from sale proceeds to his tax return preparer.
Taxes October 16, 2023
The Like-Kind Exchange Home Sale Strategy
As home values rise, tax structuring becomes more important in how your clients sell their homes.
Taxes October 16, 2023
Oct. 16, 2023, is Deadline for Taxpayers with an Extension
For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file.
Taxes October 12, 2023
California Adds New Excise Tax on Gun and Ammo Sales
California’s new gun tax is similar to the federal firearms and ammunition excise tax (FAET), which was first implemented in 1919 and is administered by the Alcohol and Tobacco Tax and Trade Bureau.
Income Tax October 11, 2023
Former CFO of Russian Natural Gas Firm Gets 7 Years in U.S. Prison for Tax Crimes
Gyetvay was convicted of concealing his ownership and control over substantial offshore assets and did not file tax returns or pay taxes on millions of dollars of income.
State and Local Taxes October 11, 2023
Proliferation of Fees Adds Layers of Complexity for Indirect Tax Teams
State and local jurisdictions have increasingly turned to introducing new fees as they continue to hunt for additional revenue in response to federal COVID funding drying up and borrowing becoming prohibitively expensive.
Taxes October 11, 2023
Corvee Releases Instead AI Tax Assistant
This latest feature gives users access to an intelligent assistant to provide insightful answers to tax-related questions.
Small Business October 10, 2023
New California Law Bans ‘Junk Fees’ on Hotel Bills, Concert Tickets, and More
You know the ones: A hotel bill that ends with a vague "resort fee." Or those concert tickets that double in price once it's time to type in your credit card information.
Accounting October 9, 2023
AICPA Hits a Home Run with ESG Symposium
Most recently, CPA.com partnered with Good.Lab, a provider of ESG software and consulting services, to create a new practice development program.
Accounting October 9, 2023
FASB Issues Disclosure Improvements in Response to the SEC’s Disclosure Update and Simplification Initiative
The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics.
Taxes October 6, 2023
Not Having a Speaker is Threatening Many Key Areas Like Tax
Among the items now stalled are negotiations to restore tax breaks for business spending on research and development.
Accounting October 6, 2023
Trump Organization Controller Admits to Tax Fraud Over Fear of Losing Job
McConney admitted he previously testified under oath that he knew he was breaking the law. He claimed he feared being fired if he resisted Weisselberg’s demands.