BEST

IRS mailing millions of letters about Child Tax Credits

By Michael Cohn       4 min read

The Internal Revenue Service is sending letters to over 36 million families about how they may be able to qualify for monthly Child Tax Credit payments, beginning in July. Read story →

Biden's capital gains tax increase proposals make tax planning tougher

By Michael Cohn       13 min read

The proposed changes are worrying investors and their tax advisors, especially the possibility of making them retroactive. Read story →

A post-tax season IRS update

By Roger Russell       4 min read

The service offered highlights of tax season, the latest on stimulus packages, and more. Read story →

Audit fees expected to rise this year

By Michael Cohn       3 min read

Clients anticipate that audit fees will increase in 2021 due to the impact of inflation, COVID-19, acquisitions and divestitures, according to a survey by Gartner. Read story →

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QuickBooks prices increase

By Ranica Arrowsmith       2 min read

Intuit is also launching a new discount program dubbed ProAdvisor Preferred Pricing. Read story →

The PPP and the future beyond the pandemic

By Daniel Hood      

Barry Melancon of the AICPA and Erik Asgeirsson of CPA.com review the successes of the Paycheck Protection Program, and how accountants should be thinking about the future to guide their clients out of the pandemic. Read story →

Exit signs? Tax pros ponder early retirement

By Jeff Stimpson       3 min read

A tough season has some preparers considering taking down their shingle, but many still plan to hang on. Read story →

Tax Strategy: What’s new in the FY 2022 budget and the Green Book?

By Mark A. Luscombe      

An in-depth look at the Biden administration's tax plans for the next year. Read story →

Small business cries foul as states tax their federal bailouts

By Bryce Covert       6 min read

Some in Washington have slammed states for what they consider kicking their own residents while they’re down — against the intent of Congress.  Read story →

Want to sell the family business? Brace for a huge tax bill under Biden’s proposals

By Lynnley Browning       5 min read

Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive. Read story →

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