Grandma wins $19M case against J.P. Morgan and 2 advisors (her grandsons)

Beverley Schottenstein accused the bank and the brokers of unauthorized trading of “multiple auto-callable structured notes and various other securities,” among other alleged misconduct.

Grandma wins M case against J.P. Morgan and 2 advisors (her grandsons)


Biden will have to deal with tax revenue shortfall from COVID-19

Claims for the R&D tax credit may be coming under closer scrutiny from the IRS.

Biden will have to deal with tax revenue shortfall from COVID-19


Ensuring AI works for you: 3 steps to success

There are critical considerations to make to ensure you optimize AI implementation to enhance staff performance and deliver better service to your clients.

Ensuring AI works for you: 3 steps to success


Senators propose to make Work Opportunity Tax Credit permanent

A bipartisan group of Senate lawmakers has introduced legislation to make the Work Opportunity Tax Credit a permanent part of the Tax Code.

Senators propose to make Work Opportunity Tax Credit permanent


Immigration reform taxes could help states with post-COVID recovery

Public debates over immigration reform often suffer from scarce and erroneous information about the tax contributions of undocumented immigrants, particularly at the state level.

Immigration reform taxes could help states with post-COVID recovery


In the blogs: Into the weeds

CP21Cs and long memories; all smiles; Romney’s proposal; and other highlights from our favorite tax bloggers.

In the blogs: Into the weeds


Possible pain of entity choice under the PPP

The effect of S corp status on the emergency loans highlights the impact of a business’ form.

Possible pain of entity choice under the PPP


Texas Society of CPAs announces 2020-21 scholarship recipients

Fifty-one students across the state were awarded academic accounting scholarships this year, worth approximately $136,000.

Texas Society of CPAs announces 2020-21 scholarship recipients


Democrats reintroduce bill with tax breaks for green energy

The GREEN Act would encourage residential investments in green energy and energy efficiency, and incentivize greater adoption of zero-emission vehicles, among other things.

Democrats reintroduce bill with tax breaks for green energy


Lawmakers request help for taxpayers victimized by unemployment fraud

Republicans are asking the Biden administration to assist taxpayers who are receiving tax forms for unemployment benefits claimed by identity thieves.

Lawmakers request help for taxpayers victimized by unemployment fraud