IRS grants limited waiver for underpayment of estimated corporate AMT
In light of the continuing challenges taxpayers are facing with the corporate alternative minimum tax, the IRS granted a waiver of the addition to tax for failure to pay estimated corporate AMT “in the interest of sound tax administration.”
IRS offers tax relief to corporations
The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.
Cautious optimism: CEOs confident in their businesses, the economy
Large-company CEOs in a KPMG survey are confident in the U.S. economy despite multiple risks. Also, the CEOs seem to be changing their thinking about a permanent return to in-office work, with more envisioning a hybrid model.
How a life insurance strategy could save some wealthy estates millions
Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.
AI evolves for CFOs and accountants
Generative AI delivers genuine business value to the CFO organization after all the hype has been subtracted.
Accountants’ top concerns this election year
The economy, the national debt and tax reform are accountants’ top concerns this election season, according to a new Arizent survey.
IESBA sets ethics standards for corporate tax planning
The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.