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The Internal Revenue Service has released a draft of Form 1040. The form is slightly longer than a previous postcard-size version, but the IRS is reducing the number of schedules to three. Continue Reading
Companies that wish to promote work-life balance have to create the right atmosphere at work, not only offer perks that employees use when they are away from the office. Continue Reading
Taxpayers should watch for new versions of two tax-related scams. One involves Social Security numbers related to tax issues. The other threatens taxpayers with a tax bill from a fictional government agency. Here are some details about these scams to help taxpayers recognize them. Continue Reading
The implications of the large increase in the estate and gift tax exemption are complex and affect estate planning for everyone, not just the small percentage of the population who will still file estate tax returns. Continue Reading
When filling out financial aid applications, students and families may need to get tax information to complete the Free Application for Federal Student Aid form. The IRS Data Retrieval Tool is available to use with the 2019‒2020 FAFSA Form. This tool is the fastest, most accurate way to input tax return information into the FAFSA form. Continue Reading
Miranda Halverson, CPA Candidate member is the 2019 Surgent CPA Review scholarship winner. Continue Reading
The U.S. Supreme Court's decision last year in South Dakota v. Wayfair prompted many states to enact new sales tax legislation or promulgate new regulations based on economic nexus. Here's how to help clients comply. Continue Reading
The IRS is permitting certain partnerships that timely filed their tax returns for the 2018 tax year an extension of time to file superseding returns and Schedules K-1 for their partners. Continue Reading
The Financial Accounting Standards Board has addressed one of the most challenging areas of financial reporting with a proposal intended to distinguish liabilities from equity. Continue Reading
A number of exceptions are available to small business taxpayers to help them avoid some of the Internal Revenue Code's more burdensome requirements. Although these exceptions are meant to simplify tax law compliance, the rules for evaluating whether a business qualifies for the exceptions can be convoluted. Continue Reading