Taxes
IRS Gives Guidance on New Corporate AMT
The guidance also provides general rules for determining a taxpayer's financial statement income and AFSI.
TaxDome Unveils IRS Integration for Streamlined Transcript Retrieval
This update allows TaxDome users to swiftly access IRS transcripts directly from their workspace, eliminating the need to navigate the IRS website.
Don’t Overlook Tax on Cryptocurrency Staking Rewards
The IRS has issued guidance on crypto staking rewards, but broker reporting on digital asset sales won't start until 2025.
South Carolinians Get Tax Relief Following Tropical Storm Idalia
The IRS has granted tax deadline relief to South Carolina taxpayers impacted by Tropical Storm Idalia.
IRS Releases Initial Guidance on Section 174 Amortization
Notice 2023-63 includes interim rules on the capitalization and amortization of specified research or experimental expenditures.
ESG Reporting: Meeting the Needs of Key Stakeholders
ESG has emerged as one of the top priorities for businesses worldwide as customers’, internal stakeholders’ and regulators’ demands continue to climb.
4 Ways to Deduct Commuting Costs from Taxes
To qualify for transportation deductions, you must be traveling away from your tax home to a business location.
Intuit Barred from Saying TurboTax is “Free,” Says Federal Judge
A judge has ruled that Intuit Inc., the maker of the popular TurboTax tax filing software, “engaged in deceptive advertising in violation of Section 5 of the FTC Act” and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.