CPA Never under estimate the value
The IRS issued regulations on Monday providing a de minimis safe harbor from information-reporting penalties, finalizing proposed regulations issued in 2018.
Source: Tax News
Read More here – Information-reporting penalty safe harbor finalized
The IRS issued regulations on Monday providing a de minimis safe harbor from information-reporting penalties, finalizing proposed regulations issued in 2018.
Source: JOA News
Read More here – Information-reporting penalty safe harbor finalized
The report examined filings from 2020, finding that 70% of audits either fully complied with auditing standards or had minor deficiencies.
Source: JOA News
Read More here – DOL report points out deficiencies in employee benefit plan audits
The IRS issued a notice on regarding the application of the corporate alternative minimum tax to shareholders of CFCs and to affiliated groups of corporations filing consolidated returns.
Source: Tax News
Read More here – Interim guidance provided for the corporate alternative minimum tax
The IRS issued a notice on regarding the application of the corporate alternative minimum tax to shareholders of CFCs and to affiliated groups of corporations filing consolidated returns.
Source: JOA News
Read More here – Interim guidance provided for the corporate alternative minimum tax
In response to investors, a new Accounting Standards Update will require an increased level of disaggregation of income tax disclosures on an annual basis.
Source: JOA News
Read More here – New FASB standard addresses income tax disclosures
The optional standard mileage rate for business use of a vehicle increased slightly from 2023. The new rate is effective Jan. 1.
Source: Tax News
Read More here – Business standard mileage rate increases for 2024
The optional standard mileage rate for business use of a vehicle increased slightly from 2023. The new rate is effective Jan. 1.
Source: JOA News
Read More here – Business standard mileage rate increases for 2024
As states propose changes to CPA licensure requirements, the AICPA is providing crucial mobility guidance for CPAs and firms. Read the overview to understand the issue and review the checklist to see how to continue to practice successfully and remain in compliance should changes take effect.
Source: JOA News
Read More here – AICPA issues guidance on potential mobility changes
Doug O’Donnell, the current deputy commissioner for services and enforcement and the acting IRS commissioner from November 2022 to March 2023, will fill the position.
Source: Tax News
Read More here – IRS reorganizes leadership structure with 1 deputy commissioner
