Do you care for a relative or someone else and receive Medicaid waiver payments (MWPs) as compensation? These payments are generally tax-exempt. For you to...
The American Institute of CPAs (AICPA) has weighed in on the 2026 tax filing season. In a recent letter to the U.S. Senate Finance Committee, it largely co...
The IRS categorizes a tax return containing inaccuracies that could lead to overstated credits or understated income as “potentially abusive.” It label...
As the cost of gasoline continues to rise, President Trump is calling for a temporary suspension of the federal gas tax. Currently, the national tax is 18....
When a husband or wife dies, the surviving spouse may eventually face a higher income tax bill. Why? Filing status shifts from married filing jointly to si...
A summer job is a great way for teens to earn extra cash, but it also comes with tax responsibilities. Anyone with self-employed income over $400, such as ...
Do you hold assets such as overseas real estate, foreign bank accounts or investments in international markets? Properly addressing foreign assets in your ...
The accounting profession continues to face a talent shortage. This trend — driven by retirements among experienced accountants and bookkeepers and a lim...
Privately held manufacturers may benefit from the temporary increase to the limit on the federal income tax deduction for state and local taxes (SALT). Her...
Both internal and external audits play vital roles in safeguarding your organization’s financial integrity. They share the common goals of promoting repo...