New IRS Schedule 1-A Introduced for Additional Deductions
The IRS has released a new Schedule 1-A, “Additional Deductions,” (https://bit.ly/4aLdMRR) t...
The “kiddie tax” catches many parents by surprise. It can affect children under 18, dependents who are age 18 at year end and full-time students ages 1...
The Department of Labor (DOL) has proposed a new rule that would make it easier for businesses to classify workers as independent contractors rather than e...
For many manufacturers, inventory is both a necessity and a cash trap. Raw materials, work-in-process (WIP) and finished goods often represent the largest ...
If you’ve ever skimmed the auditor’s report for a public company and noticed a section titled critical audit matters (CAMs), you may have wondered what...
If you expect a federal tax refund but have past due federal taxes, unpaid child support, or other federal or state debts, you could be subject to a refund...
The IRS has launched a new “Report Fraud” webpage to simplify confidential reporting of suspected tax fraud or scams. It consolidates multiple IRS frau...
Recently, witnesses testified before the U.S. House Ways and Means Committee about modernizing IRS Form 990, an annual informational return used by nonprof...
During his State of the Union address on Feb. 24, President Trump announced a program to help American workers who don’t have access to employer-sponsore...
Military members living in the United States or Puerto Rico have a 2025 tax filing deadline of April 15. For those on active duty outside the United States...