Income Tax
Latest News
FASB Issues Standard on Induced Conversions of Convertible Debt Instruments
IRS Announces National Tax Security Awareness Week Starts on Dec. 2
Deloitte Predicts Record-High Black Friday and Cyber Monday Spending
Filing the Final Income Tax Return for a Decedent
Five Reasons Cannabis Organizations Should Outsource Their Accounting in 2023
Outsourcing accounting functions not only simplifies their financial responsibilities and allows them to focus on other business functions, but also strengthens compliance with tax and legal regulations.
Supreme Court Shoots Down Appeal on Use of COVID Aid for Tax Cuts
Several GOP-led states sued after President Biden signed the American Rescue Plan Act into law in 2021.
Abolish Income Taxes? Idea Gains Some Traction in Congress
House Republicans recently introduced “Fair Tax” legislation that will likely stall in the Senate.
Will the Increase in the Teacher Tax Deduction Really Help Educators Much?
Tax pros and educators agree: Even with this year’s increase from $250 to $300, the deduction falls short.
Tax Pros Help Clients Deal with Smaller Refunds
Refund amounts are expected to fall this year due to the end of pandemic-related tax breaks.
The Tax Blotter – Jan. 20, 2023
The tax law provides generous tax breaks to investors in real estate, but there are several key tax pitfalls to watch out for.
As U.S. Hits Debt Limit, Treasury Starts “Special Measures”
The Treasury Department is beginning the use of special measures to avoid a U.S. payments default, after the federal debt limit was reached Thursday.
Trump Companies Fined $1.6 Million for Tax Fraud Conviction
Trump Corporation and Trump Payroll Corporation were sentenced on Friday to pay the hefty sum.