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A provision of the CARES Act permits eligible individuals who do not itemize deductions to deduct $300 of qualified charitable contributions as an above-the-line deduction.

The IRS is temporarily allowing the use of digital signatures for six more forms to help protect the health of taxpayers and tax professionals during the COVID-19 pandemic.

By narrowing your focus to significant trends that directly impact the accounting industry, you can cut down on any other extraneous information that competes for your attention.

COVID-19 testing and diagnostics services are not considered minimum essential coverage for purposes of the Sec. 36B premium tax credit and Medicaid, according to new IRS guidance.

To mitigate the growing threat of economic crime, organizations are now investing in anti-fraud efforts to stay ahead of potential criminals.

As part of a larger effort to reach underserved communities, the IRS is taking a number of steps to expand information and assistance available to taxpayers in additional languages.

Partnerships subject to the centralized partnership audit procedures under the Bipartisan Budget Act of 2015 (BBA) must file their amended returns before Sept. 30, 2020.

The WICPA joins more than 60 trade associations and local chambers of commerce in requesting lawmakers support legislation protecting businesses and schools as they safely reopen.

Gov. Evers recently launched a $5 million COVID-19 Cultural Organization Grant Program to help cultural organizations with their COVID-19 pandemic-related costs.

With such massive changes currently happening in work environments due to the COVID-19 pandemic, now is the time to be tech-savvy in your new digital workspace.