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Until further notice, the IRS is implementing the temporary procedure described below for fax transmission of the duplicate copy of Form 3115, Application for Change in Accounting Method.
Continue ReadingThe IRS reminded today that the CARES Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement plans and IRAs and allowing certain retirement plans to offer expanded loan options.
Continue ReadingThe IRS issued a temporary regulation and a proposed regulation to reconcile advance payments of refundable employment tax credits and recapture the benefit of these credits when necessary.
Continue ReadingNASBA announced that its board of directors has voted unanimously to support the advancement of the CPA Evolution initiative.
Continue ReadingWhat it really means for accounting firms to move to the cloud.
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