Taxes
Biden Likely to Nominate Estate Tax Expert as IRS’s Top Lawyer
Beth Kaufman previously served in the Treasury Department’s office of tax legislative counsel.
Ensuring Success 2022 – 2 Days of Free Online CPE – Earn Up to 14 Hours
Earn from 1 to 14 hours of free CPE during this online 2-day event. Pick only the sessions you want to attend, and finish up your CPE requirements before the end of the year.
Who Will Replace IRS Commissioner Rettig?
No IRS commissioner has served two terms since the IRS Restructuring and Reform Act of 1998 became law.
Income Tax Deductions for Start-Ups
A start-up business can claim a current deduction for qualified start-up costs if it meets two requirements, as stated by the IRS.
Converting an S Corp to a C Corp
Whatever structure your clients launched with, at some point, for various reasons, changing structures may become a valid consideration.
The Work Opportunity Tax Credit for 2022 (WOTC)
The latest extension—approved as part of the Consolidated Appropriations Act (CAA)—continues the WOTC for a five-year period.
Caterpillar Settles With IRS in Back-Taxes Dispute
The company said it reached the settlement for the tax years of 2007 through 2016 without any penalties.
Tax Issues with Student Loan Forgiveness
Generally, the income is taxable in the year that the forgiveness or cancellation occurs. The creditor will