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This is not a minor procedural tweak. It changes how penalty relief gets delivered to millions of taxpayers, and what we owe our clients as their advisors.
July 24 -
If you have high-net-worth clients with capital gains, retire the old playbook for qualified opportunity zones. The program is now a recurring planning regime.
July 9 -
The Supreme Court left in place a decision that should change how practitioners talk to clients about old returns and how to evaluate the people who prepared them.
June 30 -
Recent court cases and IRS actions are changing the litigation playbook for taxpayers appealing Employee Retention Credit claims that have been denied.
June 17 -
AI is a powerful tool for tax professionals, but with a smaller, more automated and less forgiving IRS, firms need to have the right policies in place.
May 29 -
Sales and use tax once sat at the back of the small business tax conversation. It now has taken a seat in the front row.
May 20 -
For retirement-age clients relocating to the Sun Belt, the savings they are counting on may not exist. Have a conversation before they sign the moving contract.
May 5 -
The IRS announced a streamlined way for Employee Retention Credit claimants to extend the two-year deadline to file a refund suit after a claim disallowance.
April 28 -
The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.
April 24 -
Artificial intelligence is rewriting the rulebook for how accountants approach tax services
March 31 -
The documents your clients are already gathering for their returns are the same documents an estate planner needs to build or update a comprehensive plan.
March 19 -
The confusion over pending Employee Retention Credit claims is bad. The situation for disallowed claims is much worse.
February 27 -
Proposed regs from IRS finally address the reporting threshold confusion that has plagued tax practitioners since 2021.
February 5 -
As tax professionals, we need to figure out which version of reality is going to show up on tax season opening day.
January 14 -
Right now, cannabis businesses operating legally under state law still can't deduct basic costs like rent, salaries or marketing.
January 7 -
Tax work has always required patience, judgment and a steady hand. What is different today is the speed of change and the pressure that comes with it.
December 19 -
Understanding the authority, eligibility criteria and automation advantages of the program will be essential for firms representing clients before the IRS.
November 25 -
The issues concern the constitutional division of taxing power, the potential role of Congress in determining trade rules, and costs to businesses and households.
November 20 -
The acting chair of the Public Company Accounting Oversight Board outlines his vision for defining audit quality, highlights private equity concerns, and calls for AI guardrails.
November 12 -
The new regulatory environment has faced legal challenges, creating uncertainty for companies and auditors.
October 16
