Income Tax
Latest News
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard
INCPAS and NABA Launch Initiative to Strengthen Talent Pipeline in Indiana
Pros and Cons of the “Kiddie Tax”
If you’re not careful, this often-misunderstood tax provision can result in a sizeable income tax liability for the family.
Maryland Digital Ad Tax Case Leaves States in Limbo, But Digital Taxes Aren’t Going Away
Businesses should be aware that as states become more fiscally creative, there will be more tax complexities and a bigger burden as the patchwork of regulations across the country get sorted out...
AICPA Makes Recommendations on Improving IRS Appeals
The AICPA believes that it is important that all taxpayers have convenient accessibility to an Appeals conference if they choose to do so.
Advisory in Your Firm: Price, Process, and Getting Started
Advisory is a year-round process; as you get ready for tax year 2023, now is a great time to update tax planning with higher-value tax advisory services.
Five Auburn Alumni Receive Award for Work to Advance Tax Prep Software
SmartWiz has used artificial intelligence (AI) and modern integrations to create the first-ever all-in-one tax software for tax professionals serving underserved communities.
IRS Ends Unannounced Visits by Agents
Effective immediately, unannounced visits will end except in a few unique circumstances and will be replaced with mailed letters to schedule meetings.
Pop Star Shakira to Face Second Tax Fraud Probe in Spain
The singer will soon stand trial for allegedly failing to pay 14.5 million euros ($13.9 million) in taxes between 2012 and 2014.
SALT Shakes Up House Republican Tax Package Discussions
House Republicans pushing to force relief from the $10,000 state and local tax cap could be a major challenge to GOP leadership.