Income Tax
Latest News
FASB Seeks Comment on Financial KPIs
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
AICPA News – Nov. 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
Tax Season Readiness Guide
A 2022 Tax Season Readiness Guide to help you stay informed, save time on planning, and align your team for efficiency.
Good Documentation Helps Small Business Clients Prepare For Audits
Unfortunate as it may be, you know that small business clients too often neglect their bookkeeping, expense documentation, and other tax-related responsibilities.
Home Improvements May Qualify as Medical Expenses on Taxes
In certain limited situations, you may realize a tax break for a home improvement that is deemed to be medically necessary. If you qualify, a portion of the expense is deductible as a medical expense as...
Ford Urges Broad Interpretation of EV Tax Credits
Ford responded to Treasury Department request on how it should implement the new consumer tax credits.
IRS Criminal Investigation Had 90% Conviction Rate in FY 2022
IRS-CI carried out more than 2,550 criminal investigations during its most recent fiscal year, according to a report.
IRS Seeks Feedback on Soon-to-Be Released Energy Credit Guidance
The comments will help the IRS draft rules most reflective of the needs of taxpayers entitled to claim energy credits.
Trump’s Signature on Weisselberg Apartment Lease Shown to Jury in Tax Fraud Trial
The trial threatens to reveal the inner workings of the real estate empire that set Trump on his path to the White House.
Count LTCI Premiums for Medical Deduction
You can add the cost of premiums to the amount you need to surpass the deduction threshold for medical expenses. But the IRS strictly limits the amount you can write off for LTCI insurance each year.