IRS WATCH

IRS overlooked billions in taxes from S corp execs

By Michael Cohn       3 min read

The Internal Revenue Service has stepped up efforts to collect employment taxes from S corporation officers, but business owners are still getting away with avoiding billions of dollars in taxes. Read story →

Remote work brings tax issues for employees and employers

By Michael Cohn       13 min read

States seek to recoup costs borne due to the COVID-19 pandemic see taxing out-of-state workers as painless. Read story →

IRS regulation of tax preparers gains steam

By Roger Russell       3 min read

Legislation is on track to give the service the authority it needs, with tax pro groups supporting it. Read story →

AICPA calls for expanding QBI deduction to accountants

By Michael Cohn       3 min read

The institute is asking Congress to expand the deduction to include accounting firms and other businesses excluded under the Tax Cuts and Jobs Act. Read story →

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7 ways accounting firms can staff for busy season

By Tim Rowley      

The task of identifying and efficiently staffing capable talent to join your firm and hit the ground running is never easy. Read story →

Tax Strategy: More states enacting SALT limit workarounds

By Mark A. Luscombe       3 min read

The IRS has blessed at least one approach to getting around the TCJA limitation — the entity-level tax. Read story →

The $1 million question of higher capital gains taxes under Biden, answered

By Lynnley Browning       4 min read

A Treasury Department spokesperson gave an answer that provides clarity for advisors with affluent clients. Read story →

Tax Fraud Blotter: Bad dispositions

By Jeff Stimpson       6 min read

Uniform code of justice; in the rough; color them busted; and other highlights of recent tax cases. Read story →

New risks are piling up for accountants

By Roger Russell       8 min read

Changes in practice and the business environment generated by the pandemic have broadened the areas of liability for accountants.  Read story →

Accounting profession having trouble with recruitment

By Michael Cohn       7 min read

Accounting firms are running into difficulties filling the pipeline with new accountants as they find themselves struggling to recruit talent. Read story →

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ASC 842 lease accounting: 10 best practices for day two and beyond

Wednesday, September 22, 2021 2:00 PM EDT

Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to get to a finish line.  Learn More →

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