Income Tax
Latest News
IRS Updates Clean Vehicle Tax Credit FAQs
Ex-EY Executive to Take Over as Global CEO for Law Firm Dentons
Wolters Kluwer Acquires European Tech Portfolio, Including CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin
IRS Chief Receives NATP’s Inaugural Vanguard Award
![expense_report](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/11/expense_report.618175b850e12.png)
IRS Increases Per Diem Rates
For lower-cost locations of business travel, the daily per diem rate will be $204. The high rate will be $297.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/money-7_1_.5a57a24dc64bb-1.jpg)
Accounting and Finance Salaries Increasing, Says Report
The study found that demand for these roles is most acute in California, Texas, New York, Florida, Illinois, North Carolina, Ohio, and Georgia.
![IRS1](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/32310/irs1_10858577-768x511.png)
The IRS Botched Lots of Child Tax Credit Payments, Audit Finds
Millions of ineligible people received payments, while millions of eligible taxpayers did not get their money.
![Tax credits 1 54ac3d99adba6](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17642/Tax_credits_1_.54ac3d99adba6.png)
Who Actually Qualifies for the Employee Retention Credit?
Even companies that have claimed the ERC may want to review their documentation of qualification for the credit.
![IRS1](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/32972/irs1_10853749.png)
AICPA Supports Request for IRS Deadline Extension for Penalty Relief
In late August, the IRS announced it would offer automatic penalty relief to certain taxpayers for taxable years 2019 and 2020.
![NJCPA[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/35734/NJCPA_1_.5dd68391bdb25-768x165.png)
NJCPA Kicks Off Annual Food Drive
The New Jersey Society of Certified Public Accountants (NJCPA) has launched its thirteenth annual food drive to benefit the Community FoodBank of New Jersey.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/08/bloomberg-tax-768x402.jpg)
Bloomberg Tax & Accounting Research and Provision Provides Integrated U.S. Domestic Tax Rates
The new enhancement to Bloomberg Tax Provision makes it easy for users to keep track of the latest tax rate changes and update ...
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/PPP-Paycheck-Protection-Program-768x392.png)
IRS Says Wrongfully Forgiven PPP Loans are Taxable
When a taxpayer's loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible to exclude the forgiveness from income and must include in ...