BEST

KPMG U.S. announces $160M increase in salaries

By Sean McCabe       1 min read

The Big Four firm announced salary bumps for approximately 30,000 employees. Read story →

Entering ‘another miserable tax season’

By Roger Russell       6 min read

Things are going to get difficult, and practitioners shouldn’t expect help from the IRS, experts warn. Read story →

Tax Strategy: What to watch for in a difficult tax season

By Mark A. Luscombe      

While there's much that remains uncertain, there are a host of complications we can already identify. Read story →

IRS agrees to ease automated penalty notices

By Michael Cohn       6 min read

After coming under pressure from an array of tax and accounting professional associations and hundreds of members of Congress, the Internal Revenue Service said Thursday it would suspend issuance of some of its automated penalty notices to taxpayers, but tax and accounting groups say the agency isn’t providing enough relief. Read story →

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Trends and Technologies Shaping the Future of Tax and Accounting

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IRS Child Tax Credit letters may have wrong information

By Michael Cohn       7 min read

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information. Read story →

Biden administration relaunches CTC website

By Michael Cohn       2 min read

A revamped version of the ChildTaxCredit.gov site adds new features to help with filing taxes and accessing the full amount of unpaid credits. Read story →

IRS kicks off challenging tax season

By Michael Cohn       5 min read

The service faces a backlog of millions of unprocessed tax returns, and warned taxpayers and preparers to be patient. Read story →

When can a startup start deducting expenses?

By Roger Russell       3 min read

A Tax Court case illustrates the complexity of deciding when, exactly, a business becomes a good concern in the eyes of the IRS. Read story →

A tax prep revolution?

By Daniel Hood      

Mark Steber of Jackson Hewitt discusses the tax prep chain's flat-fee offering, what tax season's going to look like, and the future of tax prep. Read story →

Crypto tax loophole offers escape hatch for battered investors

By Allyson Versprille       2 min read

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.  Read story →

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