The Massachusetts Society of CPAs released a report that identified widespread racial and ethnic disparities in the profession.
Category: NYT Accounting News
Tax Strategy: Election year tax proposals kick off
Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.
$1B in 2020 tax refunds remains unclaimed
Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.
IRS encounters Form 1065 processing glitches
The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, “Return of Partnership Income,” and ways to avoid them.
IRS revises whistleblower form
The Internal Revenue Service has updated its whistleblower award form for tipping off the IRS about tax violations and applying for a monetary reward for the information.
Art of Accounting: Taking your practice to next level
Growing a firm is difficult, but not growing it could be more difficult.
IRS expands energy credit guidelines
Notice 2024-30 expands rules for determining an “energy community,” among other things.
New bill would remove tax breaks for mergers
An unlikely pair of senators is teaming up to propose legislation to eliminate tax breaks for corporate M&A activity.
FASB limits project on accounting for software costs
The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.
IRS tries to catch up on backlog as returns flood in
The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report.