Understanding QOZ Fund reporting requirements

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In April, the IRS announced that taxpayers not meeting the requirements for compliance with Qualified Opportunity Zone (QOZ) Funds would start receiving notices. Qualified...

The extension crisis and the IRS slow down

If you feel you have filed more extensions this past filing season than in any of your previous years in practice, you are not...

Tax benefits for veterans

In honor of Memorial Day, below are a few resources that may be available to your veteran clients. The IRS lists all available resources...

Should you prepare your clients for an audit?

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Firms around the country raced to beat the clock to get returns and extensions filed last week. But will that be the last time...

Navigating tax season in the Gig Economy

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Gig workers made up 36% of the total U.S. workforce in 2021, making them a newly consequential economic actor. However, it also means this...

Dos & don’ts when claiming the employee retention credit

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Are your business owner clients full of questions about the Employee Retention Credit (ERC)? If so, you know the answers are not always straightforward...

A spring preview: Taxes, politics and the ‘end’ of tax season

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Right about now, every tax practitioner is looking for the magical key to help their dealings with the IRS go more quickly and hopefully...

IRS provides ‘State of the IRS’ update

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IRS Commissioner Charles Rettig offered a webinar recently providing updates on the most Frequently Asked Questions (FAQ) regarding the state of the IRS right...

From the IRS Newsroom: Filing in 2022, guidance regarding the ERC, National Tax Security...

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Below are some of the most recent updates to come out of the IRS: Get ready for taxes: What's new and what to consider when...

A Pre-Purchase Land Valuation Can Benefit Your Client’s Cost Segregation Study

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If you’re a CPA, how can a land valuation benefit your client’s cost segregation study before a real estate purchase? Land is a non-depreciable asset....

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Estate Planning: How you can prepare for success

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The current administration has not let go of plans for estate tax law changes. While the 2021 proposed tax bill, the American Families Plan,...

5 skills that will help prepare you for success

The next generation of leaders already is facing its own set of challenges, from inflation to staffing shortages. And while challenges are always consistent...

Tax deductions for owner-operator truck drivers

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Owner-operators are the people who own and operate a trucking business. Since they are not categorized as employed individuals, the process of filing taxes...