TAX PRO TODAY

Practitioner coalition urges IRS to step up for tax season

By Roger Russell       3 min read

The groups want the service to reduce unnecessary burdens on taxpayers and tax preparers. Read story →

Tax breaks for crypto millionaires stir outrage in Puerto Rico

By Jim Wyss       4 min read

The “resident investor” incentive, commonly known as Act 22, lures wealthy individuals with the promise of legally skirting U.S. federal income tax. Once they’re Puerto Rico residents, they pay zero tax on capital gains, dividends and interest, making it particularly attractive to holders of cryptocurrencies. Read story →

Biden nods to need to break up tax-and-spending plan for passage

By Erik Wasson       4 min read

President Joe Biden said his $2 trillion economic agenda will have to be broken up so that a scaled back version can pass Congress in the face of resistance in his own party that’s stalled the expansive package. Read story →

U.S. lawmakers propose bill to strip IOC of its tax-exempt status

By Norah Mulinda       1 min read

House lawmakers introduced a bipartisan bill that would strip the International Olympics Committee of its tax exemption status.  Read story →

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‘No SALT, no deal’ as some Democrats demand higher cap in Biden bill

By Laura Davison       2 min read

Several House Democrats promise to sink President Joe Biden’s economic agenda if a scaled-back version now being considered eliminates an expansion of the federal deduction for state and local taxes.  Read story →

A practical guide to perfecting your tax research techniques

By Peter J. Scalise       10 min read

The following steps will guide you in establishing an all-inclusive tax research effort on behalf of your entire client base while ascertaining the likelihood of success. Read story →

Trump likely used ‘fraudulent’ asset valuations, N.Y. AG says

By Erik Larson       3 min read

New York’s attorney general asked a judge to order Donald Trump and two of his adult children to testify under oath as part of a civil probe. Read story →

In the blogs: No sugarcoating

By Jeff Stimpson       4 min read

Bumps ahead; Airbnb risks; the case for the CTC; and other highlights from our favorite tax bloggers. Read story →

IRS sets sights on NFT investors owing billions in taxes

By Allyson Versprille       3 min read

It’s one of the hottest corners of crypto — and now the U.S. government wants its share of the profits. Read story →

The fourth pillar of credit and incentive projects: Jobs

By Ben Worrell       4 min read

Advice from accountants on economic incentives can help bring more tax revenue and employment to communities. Read story →

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WEB SEMINAR

Lease accounting: What your auditor wants to see

Thursday, January 20, 2022 2:00 PM EST

With audit season nearly here, you may be thinking about how you’ll show that your process for identifying, abstracting, classifying, properly accounting for your leases meets the latest lease accounting standards. Learn More →

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WEB SEMINAR

Best practices for IT security

Thursday, March 10, 2022 2:00 PM EST

The pandemic saw security breaches and hacking skyrocket, turning an already-serious issue into an actual emergency. This webinar will explore the best ways for firms to keep themselves and their clients’ data safe in a world that’s more dangerous than ever. Learn More →

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REPORT

Lease accounting adoption – market snapshot

In this report, learn where your peers stand on implementation and plans for achieving compliance with ASC 842 & GASB 87. Learn More →

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