News

ExamPrep.ai offers OSCPA members the chance to win a free review course valued at $1,195! Only OSCPA candidate and student members are eligible, with one entry per member.

The Internal Revenue Service today announced three pilot programs that will test changes to existing Alternative Dispute Resolution (ADR) programs. IRS ADR programs are designed to help taxpayers resolve tax disputes earlier and more efficiently.

CFOs are navigating a variety of uncertainties this year, including economic volatility and regulatory changes, while focusing on profitable growth and technology adoption.

OSCPA Board member Tiffany Nash learned her love of accounting in her parents' bakery business. Hear more of her thoughts about the CPA profession.

As CPA tax professionals get ready for another tax return season, they can take stock of recent tax law changes affecting 2024 returns and their firms’ processes and procedures for completing those returns while handling client communications.

Accounting and beach volleyball: both require strategy, teamwork, and precision under pressure. With a couple of scholarships from The Educational Foundation, Jessica McMillian effortlessly aces the court and her accounting career.

"Accounting is a great profession with endless opportunities. Establishing clearly defined goals will set you up for a long and successful career in accounting." Jeremy Wentworth, a past The Educational Foundation scholarship recipient, shares how his scholarships helped jumpstart his professional and personal accounting journey.

Thirty-nine states begin 2025 with notable tax changes, including nine states cutting individual income taxes (two of them implementing flat taxes), three states cutting corporate income taxes, and two states adopting new first-year expensing provisions.

Diego Arellano-Barocio, a student at Western Oregon University is the winner of the Gleim CPA Exam Review Course Scholarship quarterly drawing for a complimentary review course valued at $2,999.

Portland City Council voted to unanimously amend the Portland Clean Energy Fund's Climate Investment Plan to increase its five-year spending budget to more than $1.5 billion — up from $750 million when it was first approved. The fund imposes a 1% tax on large retail businesses in Portland.

"You never know how a simple ‘thank you’ might impact your career". As a past recipient of The OSCPA Educational Foundation, Sheila Landis shares how her scholarship influenced her outlook and values as a CPA.

In a letter ruling, the IRS stated that investment advisory fees paid by an annuity contract would not be considered an amount received in gross income by a contract’s owner.

In today’s competitive business environment, accounting and tax firms must continually strive for efficiency and effectiveness. The path to achieving a more efficient firm involves adopting best practices, exploring offshoring options, and meticulously preparing for the peak season.

Rejecting the IRS’s assertion that the step-transaction doctrine applied to a series of transactions with respect to life insurance policies, the Tax Court held that the proceeds of the policies were not includible in a decedent taxpayer’s estate.

In general, distributions from a partnership do not result in a taxable transaction and generally only reduce the partner’s basis in their partnership interest. Unfortunately, this is not always true, and some very unexpected taxable transactions may result from the distribution of money or property from the partnership.

Tax planning is a crucial aspect of wealth management, particularly for high-income professionals such as physicians. Many physicians, whether they are transitioning from residency or have been attending physicians for decades, must navigate complex decisions related to benefits, retirement contributions, and tax strategies.

In celebration of American Indian and Alaska Native Heritage Month, we’re honored to share insights from Stuart Ketzler, a proud Alaska Native and Nenana Native Council member. Learn how his deep connection to the land, community, and gratitude have shaped his path in accounting.

Rick Meyer, CPA, cautions CPAs against over-reliance on artificial intelligence (AI) for complex tax matters, such as R&D credit studies, emphasizing that AI lacks the nuanced judgment and expertise required for such tasks. While AI can assist with routine tasks, Meyer advises CPAs to remain vigilant and uphold their critical advisory role to protect clients from potential financial risks and IRS scrutiny.

In this article, 2024-25 Board Chair John Hawkins, JD, CPA, shares insights into the current landscape of the accounting talent shortage. With the enthusiasm of students attending career showcases and “meet the firms” events, we see a flicker of hope. Yet, challenges remain in filling the talent pipeline and dispelling misconceptions about the profession.

Celebrate Hispanic Heritage Month with Alondra, Oscar, and Rubi Ruiz Contreras and discover how a shared love for problem solving and cultural values shaped their identity and career paths.