Taxes
Latest News
IRS Will Phase in $600 Form 1099-K Reporting Threshold in 2026
Review of HubSync – The Accounting Technology Lab Podcast – Nov. 2024
FASB Issues Standard on Induced Conversions of Convertible Debt Instruments
IRS Announces National Tax Security Awareness Week Starts on Dec. 2
IRS Warns Employers About Abusive ESOP Schemes
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
Tax Pointers on Mortgage Points
Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...
Some Republicans Crack Open Door to Child Tax Credit Deal
At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.
Treasury, IRS Issue Final Rules on Bonus Energy Tax Credits for Poorer Communities
A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.
Texas A&M Axes NIL Fund, ‘12th Man Plus,’ After IRS Memo
An IRS memo in June said name, image, and likeness collectives may not qualify as tax-exempt if the main objective is paying players.
State of Colorado Turns to Avalara for Online Sales Tax Rates and Rules
With Avalara, Colorado delivers access to current tax rates and rules with easy-to-use online tools for residents and businesses selling goods and services in the state.
Gear Up for the Ultimate Year-End Marketing Showdown – Turning Numbers into Opportunities
Year-end is right around the corner, which means quarterlies, tax preparation, and more for accounting firms.
IRS Targets Monetized Installment Sales in Proposed Regs
Under the proposal, monetized installment sale deals would be considered listed transactions by the IRS.