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Active duty military personnel have multiple options for free federal tax preparation. IRS Free File allows taxpayers to prepare and file their federal individual income tax return for free using brand name tax-preparation-and-filing software.
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If you’re an auditor, you should be excited about the many opportunities that the digital era creates for your profession. Sue Coffey, CPA, CGMA, Executive Vice President, Association of International Certified Professional Accountants — Public Practice, and Erik Asgeirsson, President and CEO, CPA.com, share how the profession is reimagining the audit and what this means for you.
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I travel a lot of for business, and like most frequent flyers, I dread connecting flights. Except, that is, when those connections take me through Denver or Charlotte, where the prospect of an hour between planes brings a smile to my face and a spring to my step. Why the good cheer? Because I know I’ll be able to spend time with the men and women of Executive Shine, one of the most soulful (or is it soleful?) businesses I’ve ever encountered.
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The skills newly licensed CPAs need are changing, and the CPA Exam must continue to change to keep up. Register for the AICPA's free CPA Exam Practice Analysis webcast today at noon (EST) to learn more about what's next for the exam. You can also share your thoughts on the practice analysis, too.
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Attention: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs The IRS is in the process of updating the MeF system to allow for the recent extender legislation. The tax forms listed below for Tax Year 2019 will continue to reject if an extender-related credit is claimed. Please refrain from sending these forms with extender-related credits until further notice.
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The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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With the tax filing season just weeks away, tax professionals who have a data security plan should review it for updates. Those who don't have a plan should create one and use the information below to get started. Having a written data security plan isn't just a good idea, it's federal law. Identity thieves target tax professionals because of the client data they have on hand. Thieves use stolen data from tax preparers to create fake returns that can be harder for the IRS to detect.
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As 2019 comes to a close, while most people are busy making holiday plans, dutiful tax advisors and financial planners are burning the midnight oil to minimize their clients’ tax bills that will be due in a few short months. Year-end planning strategies include an evaluation of a taxpayer’s potential federal and state income tax liabilities and opportunities to harvest losses or otherwise lower their 2019 taxable income.
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The American Institute of CPAs is seeking college students to apply for its 2020 Accounting Scholars Leadership Workshop, to be held May 13-15, 2020, in New Orleans.
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The Internal Revenue Service today reminded employers and other businesses that wage statements and independent contractor forms still have a January 31 filing deadline.