Taxes

The moral of the story is that you should not run risks with so much at stake.  The cost of an accurate qualified appraisal from a reputable source is money well spent.

With a multitude of storm-related extension opportunities, maybe tax season isn’t quite over after all. However, for most of you, the flurry of activity has passed. It's time to turn to the projects needed to prepare for the new year.

Latest proposal comes as former president makes play for votes in Michigan, where Harris’ lead has dwindled.

The American Institute of CPAs recently submitted a comment letter to the Department of the Treasury and the Internal Revenue Service in response to their release of a guidance package addressing certain basis-shifting transactions involving partnerships and related parties.

CFOs' and corporate tax executives' stances on GenAI have shifted over the past year—from mostly negative to mostly positive.

Certain tax-exempt organizations that are making an elective payment election are getting a six-month extension to file Form 990-T.

Because of hurricanes Debby, Helene, and Milton, affected taxpayers have until May 2025 to file returns and make tax payments.

The projected gross tax gap for 2022 is down $12 billion from a revised 2021 tax gap of $708 billion, the agency said Oct. 10.