IRS January 17, 2025
IRS Chief Danny Werfel to Resign on Jan. 20
Werfel took over as chief of the tax agency in March 2023 and is stepping down on Inauguration Day with more than two years left in his term.
Taxes December 7, 2022
Comic Books in the Attic? Old Collections Could Be a Treasure, But Prepare for the Taxes
Many old comic book titles in good condition can sell for tens if not hundreds of thousands of dollars. But Uncle Sam will want a share.
Accounting December 7, 2022
AICPA News – Dec. 2022
AICPA News is a round-up of recent announcements from the AICPA.
Taxes December 7, 2022
Making a Big Impact in Short Order with Tax Services
Research from Cerulli Associates found advisor practices that put a premium on creating client-centric experiences have median client sizes that are 93% larger ...
Firm Management December 7, 2022
How to Keep DEI at the Forefront of Your Tax Firm
There is intrinsic value when you ensure that you have a diverse workforce and clientele. You gain unique perspectives, opportunities, and insights that you otherwise would never have access to.
Taxes December 7, 2022
Psychiatrist Gets 18 Month Prison Sentence for Tax Evasion
The professional failed to pay taxes and filed and caused to be filed with the Internal Revenue Service false and fraudulent tax returns that included false statements ...
Taxes December 6, 2022
Following Tax Court Defeat, IRS is Still After Syndicated Conservation Easements
Proposed regs issued today identify certain syndicated conservation easement transactions as “listed.”
Taxes December 6, 2022
Jury Finds Trump Organization Guilty of Tax Fraud
The consequence of the guilty verdict against both the Trump Corp. and the Trump Payroll Corp. is a $1.76 million fine.
Accounting December 6, 2022
Predictions for the Accounting Profession: 2023 and Beyond
The end of the year means it’s time to get ready for another busy season and to tune up your strategic plans for the years ahead.
Taxes December 5, 2022
Avenatti Gets 14 Years in Prison for Tax Fraud, Stealing Millions From Clients
The celebrity lawyer is already serving five years in prison for his extortion and fraud convictions in New York.
Taxes December 5, 2022
Donor-Advised Funds Offer a Charitable Way to Harvest a Tax Break
The number of DAFs has nearly tripled to 1.3 million since Congress approved the Tax Cuts and Jobs Act in 2017.
Sales Tax December 4, 2022
Tax Changes 2023: Key Compliance Concerns Facing Businesses Today
There are more than 13,000 sales and use tax jurisdictions in the United States, and rates in each jurisdiction are subject to change as new taxes are adopted or old ones expire.
Taxes December 2, 2022
IRS Updates FAQ on Unemployment Compensation Exclusion
The American Rescue Plan Act of 2021 provided relief to those receiving unemployment compensation in 2020.