Taxes
AICPA Requests Additional Guidance to Assist Taxpayers in Calculating Losses on Digital Assets
The AICPA is asking that the IRS provide guidance that will clarify how digital asset losses are handled in various scenarios.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Taxes
AICPA Recommends Improvements to Regulations on Section 645, Election to Treat Trust as Part of an Estate
TD 9032 describes the procedures and requirements for making an election to have certain revocable trusts treated and taxed as part of an estate.
Accounting
Canopy Launches ChatGPT AI in Accounting Practice Management Software
Canopy has added ChatGPT AI to its all-in-one accounting practice management software.
Accounting
Expensify to Open 'Premium Lounge' in San Francisco
The Expensify Lounge includes exclusive perks such as lightning-fast wifi, private meeting rooms, snacks, and a full selection of craft coffee, tea, and high-end specialty cocktails.
Payroll
Intuit Launches QuickBooks Small Business Index
In the U.S., the Intuit QuickBooks Small Business Index shows the number of people employed by small businesses with 1-9 employees in the previous month and how that number has changed since the month before.
Accounting
2023 Readers' Choice Awards - The Readers Have Voted!
The Readers’ Choice awards give professionals the chance to see which tech and workflows their peers use and trust, which can help them build more efficient and profitable workflows for their own practice.
Accounting
Outlier.org and Urban Assembly to Bring Financial Accounting to New York City High Schools
Outlier.org, Urban Assembly, and New York City Public Schools are announcing a groundbreaking collaboration aimed at expanding access to financial accounting education for high school students in the New York area.
Payroll
Still Booming: Baby Boomers Overtake Millennials as Largest Generation of Home Buyers
The share of baby boomers has surpassed millennials and now makes up the largest generation of home buyers, according to the latest study from the National Association of Realtors.
Payroll
Paycom Launches Global HCM Solution, Expands Reach Internationally
With this product, Paycom is now able to expand access to users in more than 180 countries and is available in 15 languages and dialects.
Taxes
$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS
Taxpayers usually have three years to file and claim their tax refunds. If they don't file within three years, the money becomes the property of the U.S. Treasury.
Accounting
IRS Incorporates AICPA Recommendations in Strategic Operating Plan
The spending plan includes goals and timetables covering areas such as operations support, enforcement, taxpayer services and IT modernization.
Payroll
Gen Z Homebuyers Put Higher Priority on Pets
On National Pet Day, new research from Zillow shows that many Gen Z adults would put their pets' needs ahead of those of their partners and their kids — or future kids — if they were buying a home.