Taxes
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
Avalara and eBay Partner to Solve Cross-Border Compliance for Global Sellers
Several Avalara cross-border solutions will be natively available in eBay, including Avalara Cross-Border Estimated, Avalara Managed Tariff Code Classification, and Avalara Trade Restrictions Management.
IRS Agent Seeks Whistleblower Status to Discuss Problems with Hunter Biden Tax Probe
The agent claims the IRS mishandled an investigation into Hunter Biden and wants to disclose concerns about his taxes.
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.
Pennsylvania Institute of Certified Public Accountants Issues 2023 State of Pennsylvania Public Accounting Firms Study
The State of Pennsylvania Accounting Firms in 2023 is a comprehensive white paper conveying critical insights for practitioners while highlighting the challenges and opportunities...
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.
What to Do if You Missed the April 18 IRS Income Tax Filing Deadline
Taxpayers who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.