Taxes
California Man Pleads Guilty to $25 Million PPP Loan Fraud Involving Pro Athletes
Conspired to prepare and file with the IRS a series of false and fraudulent income tax returns on behalf of at least nine professional athletes.
Florida Tax Preparer Gets 1 Year in Prison for Contempt
Convicted of criminal contempt for continuing to prepare and file tax returns with the IRS in violation of a federal court order barring him from doing so.
AICPA CEO Says Claims of a Militarized IRS are Misleading Myths
In a statement, AICPA president and CEO, Barry Melancon, CPA, CGMA, addressed various false claims about militarization of the agency ...
New Intuit Tax Advisor System Integrates Tax Prep and Advisory
ITA generates client-friendly reports with recommendations that are personalized for estimated tax savings strategies.
N.Y. Borrowers Will Not Owe Taxes on Forgiven Student Debt
Officials in New York said Monday that the canceled student debt will not be taxable in the Empire State.
These 13 States Consider Student Loan Debt Forgiveness Taxable Income
Taxpayers in those states with $10,000 in forgiven debt could owe hundreds of extra dollars on their state tax returns.
AICPA Releases Comments Requesting Guidance in Key Areas Related to Remote Work
The AICPA requested guidance in several key areas related to employees working remotely and offering recommendations regarding the taxation of payments related to remote work.
AICPA Releases Exposure Draft and Invitation to Comment on Proposed Revisions to Tax Standards
Updates to the SSTSs will better reflect the issues and needs of members and the tax practices of today and in the future.