Income Tax
Latest News
IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool
GASB Proposes Guidance on Subsequent Events
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
AICPA Expresses Strong Support for Bicameral Disaster Tax Relief Legislation
The process for receiving tax filing relief from the IRS during a natural disaster can be overwhelming.
House Ways and Means Set to Put GOP Tax Priorities Up for Vote Next Week
The Republican-led committee is preparing to consider a package of tax breaks for individuals and businesses next week.
U.S., U.K. Begin Talks on Critical Minerals Agreement for EV Tax Credits
A critical minerals trade deal would allow U.K. businesses to benefit from incentives passed through the Inflation Reduction Act.
A New Approach to Make Next Tax Season Go More Smoothly
Accounting firms that embrace these technologies will be able to stay ahead of their competition and provide their clients with the highest quality services.
Wage Growth in Job Postings is Declining Sharply, Indeed Says
Advertised wages rose 5.3% in May from a year earlier, a marked decline from the peak of 9.3% in January 2022.
PCAOB Turns Up the Heat on Auditors to Find Fraud
The PCAOB wants auditors to get tougher detecting noncompliance with laws and regulations, including fraud, in public company audits.
IRS Budget Battle Far From Over After Debt Ceiling Pact
Even with the recent IRS funding cuts, Republicans want to slash even more, setting up an appropriations fight with Democrats.
IRS Proposes Rules on Energy Projects for Low-Income Areas
A program established by the Inflation Reduction Act incentivizes solar and wind power in certain low-income communities.