Income Tax

Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.

But Section 529 plans don’t have to be used only for your kids. One can be set up to reward virtually any beneficiary—including yourself!

When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.

Firms need to consider technology as an opportunity – not a challenge - to help drive efficiency and overcome their top five talent-related challenges.

Though down from the actual increase of 4.4% in 2023, the numbers remain higher than the 3.1% salary increase budget in 2021 and years prior.

The AICPA supports altering the due dates for estimated tax payments, stressing that it would be better to more closely tie payment due dates to the normal quarter date, which is traditionally 15 days after the quarter end.

The Supreme Court announced Monday it will weigh in on the constitutionality of wealth taxes, with a ruling expected in fall 2023.

The panel voted along party lines to make public 400 pages of transcripts from interviews with two IRS employees.