Taxes April 27, 2023
The new provisions mandate five-year amortization of domestic Section 174 research and experimental (R&E) costs, and 15-year amortization of foreign R&E costs.
Accounting April 26, 2023
The State of Pennsylvania Accounting Firms in 2023 is a comprehensive white paper conveying critical insights for practitioners while highlighting the challenges and opportunities...
Taxes April 26, 2023
The total tax loss from his criminal conduct was approximately $320,000.
Taxes April 26, 2023
Since proceeds up to the policyholder's cost basis aren't taxable, the lower cost basis triggered a larger tax burden for selling policyholders.
Taxes April 26, 2023
Here are the five time-sensitive actions that a partnership or its representative should take within 30 days of receiving the notice of selection for examination.
Taxes April 24, 2023
Taxpayers who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.
Taxes April 24, 2023
A Section 529 plan is a tax-favored way to save for a child’s college education. Contributions can grow without any current tax while distributions to pay for qualified expenses like tuition are tax-exempt.
Taxes April 21, 2023
Thanks to last year’s Inflation Reduction Act, the IRS got a funding boost that enabled it to improve taxpayer service.
Accounting April 21, 2023
The new functionality enables Bloomberg Tax Provision customers to automate workflows across the tax provision lifecycle.
Taxes April 21, 2023
The bill would expand eligible uses of 529 savings plans to include fees and expenses required to obtain or maintain recognized post-secondary credentials.
Taxes April 21, 2023
The AICPA is asking that the IRS provide guidance that will clarify how digital asset losses are handled in various scenarios.
Taxes April 21, 2023
TD 9032 describes the procedures and requirements for making an election to have certain revocable trusts treated and taxed as part of an estate.