The recommendation aims to cut delays that leave taxpayers uncertain about disaster related replacement deadlines for ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

After suffering two strokes in four days, the author battled mental health issues before he learned to recognize, address, ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

Bradley Niedzielski, National Business Controls Advisory Leader, and Audit & Assurance partner, Deloitte & Touche LLP, ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for ...

The Third Circuit held that the intent necessary to apply the extended assessment period for a false or fraudulent return ...

When clients go bankrupt, CPAs face major liability risks. Learn how to spot red flags and help protect your firm from costly ...

FORECAST.ETS applies an exponential triple smoothing (ETS) algorithm to create forecasts that can include trend and seasonal ...

Follow these tips to help clients draw down their retirement funds in a tax-efficient manner and avoid common mistakes.

In separate fact sheets, the IRS on Tuesday updated FAQs regarding changes to the Sec. 163(j) limitation on the deduction for business interest expense under H.R. 1, P.L. 119–21, commonly known as the ...

The Tax Court denied an estate’s claim of a deceased spousal unused exemption (DSUE) amount, holding that the decedent’s predeceased spouse’s estate did not make a valid portability election (i.e., an ...