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Day: April 24, 2023

NYT Accounting News

IRS tweaks crypto guidance for Bitcoin

April 24, 2023
<![CDATA[ The service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin as legal tender. ]]>
NYT Accounting News

ChatGPT bombs accounting class

April 24, 2023
<![CDATA[ A recent study has found that if ChatGPT were a student in an accounting class, it would get a failing grade. ]]>
NYT Accounting News

The complicated world of noncash contributions

April 24, 2023
<![CDATA[ From a bag of used clothing to artwork worth millions, donations can get a tax deduction — the complications arise when dealing with substantiation requirements.  ]]>
NYT Accounting News

NASBA extends CPA exam window to 30 months

April 24, 2023
<![CDATA[ The association is giving candidates up to two and a half years to complete the exam after passing the first section of the test. ]]>
NYT Accounting News

The 20 worst states to be a taxpayer

April 24, 2023
<![CDATA[ The worst five states had an average effective total tax rate on the median U.S. household of 14.31%. ]]>
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  • Debra S. Pitschman, CPA
  • Gil Davis, CPA/PFS
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  • David J. Mesko, CPA

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