The Internal Revenue Service has issued a new revenue procedure for this year providing the depreciation deduction limitations for owners of passenger automobiles (including trucks and vans) first placed in service during calendar year 2015 and the amount to be included in income by lessees of passenger automobiles first leased during 2015.
The IRS updates the depreciation deduction limitations and income inclusion amounts on an annual basis to reflect automobile price inflation adjustments.
The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.
The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.
Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.
While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.
