In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

After suffering two strokes in four days, the author battled mental health issues before he learned to recognize, address, ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for ...

Bradley Niedzielski, National Business Controls Advisory Leader, and Audit & Assurance partner, Deloitte & Touche LLP, ...

The Third Circuit held that the intent necessary to apply the extended assessment period for a false or fraudulent return ...

FORECAST.ETS applies an exponential triple smoothing (ETS) algorithm to create forecasts that can include trend and seasonal ...

One of the most overlooked aspects of AI tools for CAS is how simple tweaks can make a huge difference on the bottom line and ...

Follow these tips to help clients draw down their retirement funds in a tax-efficient manner and avoid common mistakes.

When clients go bankrupt, CPAs face major liability risks. Learn how to spot red flags and help protect your firm from costly ...

Clarifying that business interest expense subject to Sec. 163 (j) includes any interest incurred and capitalized during the tax year, except for interest capitalized under Secs. 263 (g) and 263A (f); ...