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
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.
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.
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.
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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.
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 ...
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 ...
Puerto Rico Gets Tax Relief for Hurricane Fiona
The Internal Revenue Service has announced that Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
New York Attorney General Sues Trump, Alleges Financial Fraud
The AG’s lawsuit to be filed in State Supreme Court in Manhattan accuses the Trump Organization and top company executives of purposely misrepresenting the value of assets emblazoned with the...