CPA wary of IRS service lapses as tax season begins
CPA tax professionals greeted the launch of tax season with skepticism that the IRS will be able to contend with...
Like-kind exchanges of real property (new limits)
Jan 3, 2022
New limits are considered for Sec. 1031 transactions. Financial and investment advisers should seek to understand the implications of a...
Standard mileage rates to go up in 2022
Dec 20, 2021
After decreasing two years in a row, the rate by which taxpayers may compute their deductions for costs of using...
Early sunset of the employee retention credit gets penalty relief
Dec 10, 2021
Employers that received an advance payment of the employee retention credit (ERC) or reduced their employment tax deposits in anticipation...
Tax provisions in the Build Back Better act – part II
Dec 3, 2021
Wash-sale rules The bill would amend Sec. 1091 to make commodities, foreign currencies, and crypto assets subject to the wash-sale...
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