Taxes
Latest News
Professionals on the Move – Nov. 2024
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
3 Reasons to Involve Your Children in Small Business Saturday
Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024
IRS Releases 401(k) Employer Match Guidance for Student Loan Repayments
The SECURE 2.0 ACT permits employers to provide matching contributions for employees based on their payments on student loans.
U.S. Olympians Get Tax Break for Medals and Financial Awards
Until 2016, the U.S. taxed Olympic medal winners on the value of the medals won. A law enacted in 2016 excluded the value of Olympic medals from tax for those with incomes of $1 million or less, starting in 2016.
IRS Encourages Pre-Filing Registration for Elective Pay Claims
The agency recommends that taxpayers submit the pre-filing registration at least 120 days before the planned filing date.
IRS Reminds Truckers of Key Tax Deadline
Taxpayers who operate large trucks and buses have until Sept. 3 to file Form 2290 for vehicles used in July 2024, the IRS said.
N.J. Accounting Professor Convicted of Tax Evasion
Gordian Ndubizo of New Jersey who taught accounting at Drexel University was convicted Aug. 15 by a federal jury on all eight counts.
TaxValet Achieves B Corp Status
The company says this significant milestone reflects its dedication to positively impacting its employees, clients, communities, and the planet.
IRS Opens 2025 Tax Compliance Program for Corporations
The application period for the 2025 Compliance Assurance Process program will be from Sept. 4 until Oct. 31, the agency said Thursday.
Harris to Propose Tax Cuts for Newborns in Economic Agenda
The proposal, which Kamala Harris will announce on Aug. 16, would provide a $6,000 child tax credit within a newborn child’s first year.