Category: NYT Accounting News

A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.

Change is not at hand; a question for brokerages; the IRS Simple Installment; and other highlights from our favorite tax bloggers.

Elon Musk’s Department of Government Efficiency reportedly plans to centralize all IRS data around a single portal and will begin efforts next week with a “hackathon.”

Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.

The 831(b) Institute sent a letter requesting an extension on a deadline for disclosing information about transactions that the IRS views as tax shelters.

Donor-advised funds are continuing to grow while enjoying substantial tax deductions — even as many contributions go to other DAFs.

Business clients have additional tasks to tackle when branching out across the country.

Legislation providing two pathways to a CPA license unanimously passed both chambers in the Georgia General Assembly and is awaiting the governor’s signature.

Is this a fantasy situation, a made-up story or the reality in your firm?

Michael Saylor’s Strategy and fellow corporate buyers of Bitcoin are being made to recognize the unrealized changes.