Monthly Archives: August 2023

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Program to ease path to CPA licensure partners with Tulane University

Category:Uncategorized

Tulane’s School of Professional Advancement will provide a library of online courses for the first class of accounting graduates completing their 150-credit-hour requirement while earning a paycheck via the AICPA and NASBA’s Experience, Learn & Earn program.
Source: JOA News
Read More here – Program to ease path to CPA licensure partners with Tulane University


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Prop. regs. identify monetized installment sales as listed transactions

Category:Uncategorized

The IRS disagrees with court decisions requiring notice-and-comment rulemaking to identify listed transactions, but said it is identifying monetized installment sales transactions as listed transactions in proposed regulations “to avoid confusion and ensure consistent enforcement of the tax laws throughout the nation to prevent disruption of the IRS’s ongoing efforts to identify and examine abusive tax shelters.”
Source: Tax News
Read More here – Prop. regs. identify monetized installment sales as listed transactions


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Prop. regs. identify monetized installment sales as listed transactions

Category:Uncategorized

The IRS disagrees with court decisions requiring notice-and-comment rulemaking to identify listed transactions, but said it is identifying monetized installment sales transactions as listed transactions in proposed regulations “to avoid confusion and ensure consistent enforcement of the tax laws throughout the nation to prevent disruption of the IRS’s ongoing efforts to identify and examine abusive tax shelters.”
Source: JOA News
Read More here – Prop. regs. identify monetized installment sales as listed transactions


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2024 filing season could be paperless, IRS says

Category:Uncategorized

Treasury and the IRS announced Wednesday that by filing season 2024, taxpayers will be able to go paperless if they choose to do so. And by filing season 2025, the IRS will digitize all paper-filed returns when they are received.
Source: Tax News
Read More here – 2024 filing season could be paperless, IRS says


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2024 filing season could be paperless, IRS says

Category:Uncategorized

Treasury and the IRS announced Wednesday that by filing season 2024, taxpayers will be able to go paperless if they choose to do so. And by filing season 2025, the IRS will digitize all paper-filed returns when they are received.
Source: JOA News
Read More here – 2024 filing season could be paperless, IRS says


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Proof-of-stake validation rewards are income in tax year received

Category:Uncategorized

The IRS ruled Monday that cash-method taxpayers who stake cryptocurrency native to a proof-of-stake blockchain and receive cryptocurrency validation rewards must include the fair market value of the rewards in gross income in the year they are received.
Source: Tax News
Read More here – Proof-of-stake validation rewards are income in tax year received


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Proof-of-stake validation rewards are income in tax year received

Category:Uncategorized

The IRS ruled that cash-method taxpayers who stake cryptocurrency native to a proof-of-stake blockchain and receive cryptocurrency validation rewards must include the fair market value of the rewards in gross income in the year they are received.
Source: JOA News
Read More here – Proof-of-stake validation rewards are income in tax year received


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FASB proposes improvements to income statement expenses

Category:Uncategorized

FASB is seeking comments on a proposed Accounting Standards Update that is intended to provide investors with more decision-useful information regarding a public business entity’s expenses.
Source: JOA News
Read More here – FASB proposes improvements to income statement expenses


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2023 tax software survey

Category:Uncategorized

CPAs assess how their return preparation products performed.
Source: Tax News
Read More here – 2023 tax software survey


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2023 tax software survey

Category:Uncategorized

CPAs assess how their return preparation products performed.
Source: JOA News
Read More here – 2023 tax software survey