News
The Supreme Court vacated and remanded Tuesday an appeals court decision that found under federal common law, a tax refund due from a joint tax return generally belongs to the company responsible for the losses that form the basis of the refund, rejecting a nearly half-century-old precedent.
Supreme Court vacates tax refund awarded to bank in bankruptcy case
The Internal Revenue Service is confronting challenges with administering and ensuring compliance with the business provisions of the Tax Cuts and Jobs Act, although it has made a considerable amount of progress in implementing them, according to a new government report.
They come in every year with something on their minds, but this early season’s sampling shows a few definite trends of what tax preparation clients are talking about with their preparers — and the advice preparers give back.
Chatting it up: What clients are talking about so far this season
The Top 100 Firm has expanded in Michigan by buying a firm that provides managed accounting services to restaurant chains.
Clark Schaefer Hackett acquires Business Management Resources
The justices let stand an appeals ruling that precluded a tax refund to movie producers, deferring to an IRS regulation that ended the common-law mailbox rule for refund claims, even though Clarence Thomas reversed his position on an earlier case.
Supreme Court upholds decision to abide by IRS on mailbox rule for tax refund claims
The new poll also found that employed adults and undergraduate college students favor more long-term benefits.
Employees want mental health benefits, professional development: EY survey
Leaders of accounting organizations across the globe are calling on the profession to put sustainability and the fight against climate change at the forefront of their work.
Accounting organizations around the world urge action on climate change
A congressional explanation unearths an overlooked benefit from tax reform.
The good intentions behind balanced budget requirements in states and cities have been circumvented by the shoddy accounting practices used in the budget process.
Government financial planning with inaccurate financial information
Democratic presidential candidate Pete Buttigieg took on one of the most fraught tax issues in Democratic politics, proposing that the $10,000 cap on state and local tax deductions be lifted.
Buttigieg calls for SALT cap removal ahead of California primary
