Income Tax
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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
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AICPA News – Sept 1, 2022
AICPA News is a round-up of recent announcements from the American Institute of CPAs and the Association of International CPAs.
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Inflation Nation: U.S. Business Executives Project Zero Profit Growth for Coming Year
Revenue projections also fell, quarter over quarter, from an expected 3.4% growth rate over the next 12 months to 2.6%.
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Women’s Pay is Growing Faster, But Still Lags Men by 25%
Overall, wage growth has flattened in recent months after a sharp acceleration in the previous year.
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Bloomberg Tax Adds Research on the Inflation Reduction Act of 2022
The new Inflation Reduction Act of 2022 Watch Page covers key tax provisions, including extension of the expanded Affordable Care Act health plan premium assistance
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Lawmaker Says Massachusetts Students Will Not Pay $500 in Taxes on Student Debt Cancellations
Rep. Steven Owens said the state Legislature has exempted forgiven student loans from taxable income.
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California Man Pleads Guilty to $25 Million PPP Loan Fraud Involving Pro Athletes
Conspired to prepare and file with the IRS a series of false and fraudulent income tax returns on behalf of at least nine professional athletes.
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Florida Tax Preparer Gets 1 Year in Prison for Contempt
Convicted of criminal contempt for continuing to prepare and file tax returns with the IRS in violation of a federal court order barring him from doing so.
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AICPA CEO Says Claims of a Militarized IRS are Misleading Myths
In a statement, AICPA president and CEO, Barry Melancon, CPA, CGMA, addressed various false claims about militarization of the agency ...