2023 tax law cases you should know
While many of us were trying to enjoy some summer downtime before extension season hits, we may have missed some tax law cases that...
Disaster area clients – What you need to know
Severe summer weather has spanned the country and declared disaster areas now span states from Washington to North Dakota to Vermont. Severe summer storms...
Overlooked tax deductions with a summertime twist
Mid-year tax planning is upon us and that means it is time to start looking at 2023 tax strategies for our clients. One of...
AICPA voices support for Tax Deadline Simplification Act
In a letter to members of the House of Representatives, the American Institute of CPAs (AICPA) expressed its support of H.R. 3708, the Tax Deadline Simplification...
AICPA expresses strong support for Bicameral Disaster Tax Relief Legislation
The American Institute of CPAs (AICPA) expressed strong support of bipartisan legislation introduced in both the House and the Senate which would modify the...
AICPA endorses legislation to modify requirements to form 1099-K reporting threshold
For many months, the American Institute of CPAs (AICPA) has expressed its concerns regarding the lowered Form 1099-K reporting threshold, which is in effect for 2023,...
Extension stress to be less?
A bi-partisan duo from California and Ohio introduced a bill to Congress last week to help ease the stress of extensions for accountants and...
AICPA endorses bill to simplify tax filing extensions
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension...
721 Exchanges – The lesser known tax strategy
Most practitioners are at least familiar with 1031 exchanges even if they haven’t dealt with many of them personally. 1031 exchanges generally allow for...
Will cannabis-focused banking finally see a win?
The cannabis industry is booming with at least six new states legalizing the use in some form since the beginning of 2022. Delaware, most...
Latest article
Adjustments sought for R&D Tax Credit Form
There are changes coming to certain sections of Form 6765, Credit for Increasing Research Activities—the document used by taxpayers to claim the research and...
AICPA requests IRS contingency plan in case of government shutdown
The American Institute of CPAs (AICPA) submitted a letter to the Department of the Treasury, the Internal Revenue Service (IRS) and Congressional leadership requesting the release of the...
Fearing the future: Where firms are falling behind
This past weekend, Botkeeper hosted AI Unchained in Boston. The three-day event was centered around technology for accountants and bringing your practice to the next level....