Planning around SSI COLAs; holiday business deductions; complex decisions of inheritance; and other highlights from our favorite tax bloggers.
Day: December 3, 2025
IASB proposes accounting model for interest rate risks
The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.
Obamacare tax credit fraud risks persist
Identity theft, fictitious applicants and other forms of fraud continue with the advance premium tax credit for buying health insurance.
House passes bills on IRS penalties and Tax Court
The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.
How AI will change the game for tax pros over the next five years
The word “transformation” doesn’t do justice to the kinds of seismic changes that have started to take root in the accounting profession over the past year.