Income Tax
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
There is Only One Minivan Eligible for EV Tax Credits
The list of electric vehicles that qualify for the full $7,500 incentive under the Inflation Reduction Act is down to 10.
Tax Rep Network to Present The Practitioner’s Advisory Summit Free Virtual Conference June 14, 2023 Sponsored by Intuit
The Summit agenda features key thought leaders discussing all aspects of advisory services including reviewing the current state of advisory services.
HubSync Secures Series A Funding for All-In-One Tax and Accounting Platform for CPAs
HubSync’s all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients.
Minnesota Likely to Legalize Recreational Marijuana
The Minnesota Senate cast its first-ever vote to legalize recreational marijuana on Friday, pushing the proposal closer to becoming law than ever before.
What to Make of Changes to Sec. 174 Research and Experimentation Costs
The new provisions mandate five-year amortization of domestic Section 174 research and experimental (R&E) costs, and 15-year amortization of foreign R&E costs.
South Carolina Return Preparer Pleads Guilty to Filing False Tax Returns
The total tax loss from his criminal conduct was approximately $320,000.
Federal and State Taxation of Life Settlements
Since proceeds up to the policyholder's cost basis aren't taxable, the lower cost basis triggered a larger tax burden for selling policyholders.
Partnerships Face Increased Tax Audit Risk
Here are the five time-sensitive actions that a partnership or its representative should take within 30 days of receiving the notice of selection for examination.