IRS updates Free File agreement to make free tax-filing software easier to access

The Internal Revenue Service has signed a new agreement with Free File, Inc., formerly known as the Free File Alliance, after controversy erupted during tax season this year over the difficulty of finding free versions of consumer tax filing software like TurboTax.

IRS updates Free File agreement to make free tax-filing software easier to access


Richly deserved? Preparers discuss the wealth tax

Tax pros share what they and their clients think about the proposed tax on the rich.

Richly deserved? Preparers discuss the wealth tax


AICPA offers practice aid for accounting for digital assets

The American Institute of CPAs’ Digital Assets Working Group has released a practice aid to offer guidance on how to account for and audit digital assets such as Bitcoin and other forms of cryptocurrency.

AICPA offers practice aid for accounting for digital assets


SEC proposes to relax long-standing auditor independence rules

The Securities and Exchange Commission is proposing a set of amendments to the auditor independence rules that have been in place since the early 2000s, allowing firms more leeway in determining conflicts of interest and shortening the lookback period for clients planning to go public.

SEC proposes to relax long-standing auditor independence rules


Art of Accounting: Do a ‘Christmas’ letter

How about a “Christmas” letter about your practice describing how you did professionally, what you wish you had done and what you now resolve to do next year?

Art of Accounting: Do a ‘Christmas’ letter


Tune up your tax season workflow

Software vendors share how to make filing easier with technology.

Tune up your tax season workflow


Pathways to Growth: It’s about the journey, not a destination

Technology should be an ongoing part of your business.

Pathways to Growth: It’s about the journey, not a destination


Opportunity zones facing some headwinds despite new rules

The Internal Revenue Service issued final regulations last week on opportunity zone funds, but while they answer some of the questions, many other issues remain that are likely to prompt questions from tax clients.

Opportunity zones facing some headwinds despite new rules


Avoiding penalties related to new tax capital basis requirements for partnerships

For tax year 2018 filings, the IRS made a drastic change to the Form 1065, U.S. Return of Partnership Income, that went unnoticed by most practitioners.

Avoiding penalties related to new tax capital basis requirements for partnerships


People & firms on the move: Grant Thornton appoints COO, first transformation MP

Rea & Associates complete annual Help Can Hunger competition; KPM promotes six; and more CPA news.

People & firms on the move: Grant Thornton appoints COO, first transformation MP