Featured News
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Video gamers freed from IRS reporting worry
The IRS recently pulled language from its website that would have subjected millions of users of certain popular video games to a new disclosure requirement.
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Taxpayers aren’t rushing to file taxes in 2020
Initial statistics from the IRS show taxpayers aren’t rushing to file early returns in 2020.
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IRS proposes rules to update tax withholding
The IRS has proposed new regulations for withholding on individuals’ wages and revisions to Form W-4.
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Investing in QOF with IGT
Combining investments in qualified opportunity funds with irrevocable grantor trusts gives families a new tool to pass down assets while saving money on taxes.
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More companies use hedge accounting
Early adopters of a new hedge accounting standard drove an uptick in the use of hedge accounting in 2018, according to new research.
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Impacts of TCJA’s repatriation tax
Under the new Internal Revenue Code 965, U.S. multinational entities must pay a mandatory repatriation tax on undistributed and deferred post-1986 income.
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Reducing staff tension during tax season
Tax season can take its toll on accounting teams, but letting off steam now and again can cut tension and promote camaraderie among staff.
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Encouraging your team to thrive
In today’s strong job market, the onus is on employers to demonstrate their value to team members and vice versa.
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IRS increases visits to high-income non-filers
The IRS will step up efforts to visit high-income taxpayers who have failed to file their tax returns in prior years.
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IRS finalizes maximum vehicle values
The IRS finalized its rules for determining maximum vehicle fair market values in accordance with statutory changes made in Sec. 280F.