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Key Changes Coming to Circular 230: What Tax Preparers Need to Know

The Treasury Department and IRS are proposing significant amendments to Circular 230, marking the most substantial changes since 2014. These changes...

Trump's IRS Pick Raises Questions About Leadership Change and ERC Oversight

President-elect Trump's nomination of former Rep. Billy Long as IRS Commissioner would mark a significant shift in agency leadership and policy...

Federal Court Case Could Upend Cannabis Tax Treatment Under 280E

A landmark case before the U.S. Court of Appeals for the First Circuit could fundamentally alter how cannabis businesses are taxed under federal law....

What's New with 1099's in QuickBooks Online?

Let's face it, the old way of doing 1099's in QuickBooks has been cumbersome at best... it involved a lot of 'user based work' in order to get...

S Corp Medical Insurance in QuickBooks Desktop

The insurance you offered to S Corp 2% (or higher) shareholders as well as the rest of your employees determines the tax treatment for S Corp...

IRS Proposal to Slash Third-Party Notice Period Draws Criticism

In a move that could significantly affect how tax practitioners manage IRS information requests, National Taxpayer Advocate Erin Collins has voiced...

Trump and Taxes: What a New Administration May Bring

Regardless of your position on the election results this week, the important component for tax practitioners is the potential for tax law changes...

IRS Introduces Draft Form 7217: Implications for Partnership Distributions

The Internal Revenue Service (IRS) has unveiled draft Form 7217, "Partner's Report of Property Distributed by a Partnership," set for implementation...

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