The Art of the Real Estate Tax Deduction (Part 1)
As a CPA, are you seeking ways you can demonstrate your unique, value-added worth to clients? Consider introducing your clients to the benefits of...
Child Tax Credit: New update address feature available with IRS online portal; make other...
The Internal Revenue Service has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update their...
IRS News: Refunds for Unemployment Tax
The IRS announced they will be sending refunds to the approximately 13 million taxpayers affected by the tax law change regarding unemployment compensation received.
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment...
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year...
SBA rules PPP borrowers can use gross income
The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) rules that allow self-employed individuals who file Form 1040, Schedule C, Profit...
Five Tips for 1099s in QuickBooks Online
As if 2020 hasn’t been challenging enough now at the mad dash to the year-end we need to learn and comply with the new...
What does the rescheduling of Cannabis do?
Cannabis taxes are complicated. Reporting “illegal” activity to the Federal government comes with a lot of conservative enforcement of extreme laws. In particular, 280E....
The Neverending Tax Story – October 15th Disaster Deadlines Pushed
2020 is the year of the neverending tax seasons. The original April 15th deadline was pushed to July 15th and now we have enough...
Is it a Hobby or a Business?
You’re a tax professional, so I don’t need to tell you that whether your client thinks his hobby is just a hobby or a...
IRS Accepting Limited Digital Signatures
On Friday, the IRS announced that it will temporarily accept digital signatures on a handful of forms that cannot be filed electronically. The change...
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AI in Accounting
Artificial Intelligence (AI) has brought about a revolution in various industries worldwide and is set to play a pivotal role in shaping the future...
Is a Court Case Redefining Income
Moore v. United States is challenging certain tax provisions that were originally put into place by Congress in 2017. The 2017 tax law changes...
An AI Powered Tax Season
Insightful Accountant hosts the last Future Forward of 2023 this week. Leading up to tax season, efficiency, organization and preparation are key and Wednesday’s...