Income Tax
Latest News
Lean Finance Teams Problematic For C-Suite Leaders, Survey Finds
KPMG Integrates AI Into Its Global Audit Platform
Grant Thornton Adds 56 New PPMDs
IRS Updates Clean Vehicle Tax Credit FAQs
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Monthly Child Tax Credit Payments to Start July 15: $250-300 Per Child for Most Families
Roughly 39 million households—covering 88% of children in the United States—are slated to begin receiving monthly payments without any further action required.
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Tennessee Storm Victims Get Extended IRS Tax Deadline
Victims of this spring’s storms and tornadoes in Tennessee will have until Aug. 2, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced.
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Will You Get a Second Income Tax Refund? IRS Starts Issuing Unemployment Refunds
The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income.
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How to Get the Most Tax Benefits from the American Rescue Plan
Reach out to your clients as you learn about new legislation or guidance to give them your insights and the digestible version of what it means for them. This is your chance to cut through the technical jargon with easy-to-digest insights and showcase ...
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Report Shows Small Businesses on Road to Recovery
U.S. small businesses are on the road to recovery from the financial losses experienced during the COVID-19 pandemic, according to a new report by Intuit QuickBooks.
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Due Diligence is Critical in Charitable Donations
Most Americans make the majority of their donations to charitable organizations at year end. But whether the donation is made in April or October, the same due diligence should be performed.
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Things You Learn Early when Your Mom is an EA Tax Professional
An Enrolled Agent, or EA for short, is a tax advisor who has earned the privilege of representing taxpayers before the Internal Revenue Service by completing a three-part exam, and is also the highest credential you can be awarded by the Internal ...
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Report Shows Small Businesses on Road to Recovery
U.S. small businesses are on the road to recovery from the financial losses experienced during the COVID-19 pandemic, according to a new report by Intuit QuickBooks. The report, Intuit QuickBooks Small Business Recovery, published today by Intuit, ...