News

This week we look at: IRS announces that Direct File will continue into 2025 and be expanded while maintaining other programs; A taxpayer finds its not so simple as just file a Form 2553 if you want to have an LLC taxed as an S corporation, but did realize the error fast enough to get a PLR to restore S status

From cherished family traditions to navigating the complexities of identity in the workplace, Roy Matsunaga of Deloitte & Touche LLP sheds light on his journey and commitment to elevating AANHPI voices in professional spaces.

Commissioner Danny Werfel said the successful pilot program of Direct File encouraged the IRS to make the program available in all states and the District of Columbia.

Get to know Shubha Joshi and learn about her journey from software engineer to owner of her own CPA firm, Shubha Joshi CPA LLC, Portland. Her story embodies empowerment and entrepreneurship, inspiring others to break barriers and pursue their dreams.

Two Hawaii-based CPAs share their career paths, why they enjoy mentoring, and how they want to serve their community. Listen to the podcast episode or read the Q&A.

There are advantages to an extended (but carefully scheduled) tax season.

Meet Bashir Khanani of Synthes Medical Surgical Equipment & Instruments Trading LLC, a Pakistani-born, Muslim CPA from Oregon, who shares insights on how his cultural identity shapes his professional path.

Discover how Laura's multicultural background influences her professional journey, from leveraging diverse perspectives in the workplace to navigating career pivots with resilience.

This week we look at: Yet another PLR requested for missed QSST election after S shares moved to trust following death of a shareholder; Tax preparer’s conviction for willfully filing false returns upheld on appeal despite his argument he had doing what he did for years; Letters to taxpayer from IRS Appeals did not extend the time to file suit for a claim for refund; A partnership had properly elected to use BBA audit provisions early, rendering IRS FPAA invalid

Meet Crisanto Agtani, a dynamic leader at Macri, LLC. Through his involvement in Oregon's Filipino community and OSCPA, he shares insights on identity, resilience, and an empathic approach to service.

Accounting is cool, or at least cooler than people think (hint: we prevent crises and help individuals, businesses and communities prepare for a better tomorrow).

The top state in the ranking received a total score for financial literacy of 72.46 out of 100. Oregon ranked 15 on the list.

Cierra Leopoldino of REDW LLC lives by the Hawaiian motto "Malama kekahi i kekahi," meaning to care for one another. With this ethos and her Hawaiian roots, she cultivates professional landscapes that prioritize collaboration, respect, and a strong sense of community.

As 2024–2025 AICPA chair, Carla McCall, CPA, CGMA, will focus on promoting the value and sustainability of the profession, driving innovation through interdisciplinary skills and fostering inclusion and opportunity.

A “passionate advocate” for the profession, Barry Melancon, CPA, CGMA, the youngest AICPA CEO upon his appointment, will depart as its longest-serving chief executive.

Whether someone is a current homeowner or buying a new home this summer owning a home can be expensive. There are tax benefits that can help taxpayers save money and offset some of the costs that come with homeownership.

Meet OSCPA member Taylor Larson, Senior Tax Manager at Empirical Wealth Management and Board Treasurer for Saturday Academy. Taylor's approach, rooted in her Chinese American heritage, redefines client relationships and community engagement.

A new national survey reveals “time” is why more accounting majors and young professionals are skipping over becoming certified public accountants.

Now in its 13th year, Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of these generations globally. Reprint permission from Deloitte, LLP.

This week we look at: DOJ issues proposed rule that would remove cannabis businesses from loss of most business deductions under IRC §280E; Filing date relief issued for those impacted by Ohio tornadoes from March; IRS National Fraud Counsel speaks on ERC exams in ABA Tax Section webinar; Tax adviser files suit to attempt to force the IRS to start processing ERC claims Tax Court imposes penalty for raising frivolous claims against taxpayer who argued wages are not income (among other things)