Tax news and information - Journal of Accountancy
Dec 27, 2024 · The latest tax news and insights from the Journal of Accountancy, the ultimate resource for today’s CPA. This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience.
Tax, accounting, auditing news - Journal of Accountancy
The latest news from the Journal of Accountancy, covering accounting, financial reporting, auditing, taxation, financial planning, technology, and more. This site uses cookies to store information on your computer.
Journal of Accountancy - Accounting, tax, auditing news
The Journal of Accountancy is the ultimate resource for today’s CPA, providing daily professional and regulatory updates, breaking news and videos.
Annual inflation adjustments announced for tax year 2025
Oct 22, 2024 · For heads of household, the standard deduction will be $22,500 for tax year 2025, up $600 from the amount for tax year 2024. Income rate brackets. For tax year 2025, the top tax rate is 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are:
Taxpayer advocate: IRS again fails tax pros with PPS call answer rate
Jan 10, 2024 · The IRS's improved metrics on answered phone calls do not account for all lines, and the Service's performance again was particularly abysmal on the Practitioner Priority Service (PPS) line that CPAs and other tax professionals use, National Taxpayer Advocate Erin Collins said Wednesday in her annual report to Congress.
CRFB leader: Tax policy may not be a Trump administration high …
Nov 11, 2024 · Tax policy may not rank as high a priority for the incoming presidential administration as once thought, the president of the nonpartisan Committee for a Responsible Federal Budget said Monday at the opening of the 2024 AICPA & CIMA National Tax Conference.
Extension to BOI reporting deadline removed from budget bill
Dec 18, 2024 · Be prepared for tax season early. Our expert tax report highlights the important issues that tax preparers and their clients need to address for the 2024 tax year. Stay informed and proactive with guidance on critical tax considerations before year-end.
IRS proposes new rules for tax professionals - Journal of …
Dec 24, 2024 · Treasury and the IRS on Friday proposed regulations to update the rules that govern practice before the IRS. These rules are contained in Treasury Circular 230, Regulations Governing Practice Before the Internal Revenue Service (31 C.F.R. Part 10). The IRS Office of Professional Responsibility (OPR ...
What’s new for 2022 in federal taxes - Journal of Accountancy
Jan 6, 2022 · While the Build Back Better Act's smorgasbord of tax incentives for clean energy, new taxes on large corporations and wealthy individuals, and tax relief for others remains stalled for now in the Senate, 2022 nonetheless dawns with the advent of at least one new tax provision, lapses of a number of others, and at least a couple of sets of required regulatory rules.
November 2024 - Journal of Accountancy
Be prepared for tax season early. Our expert tax report highlights the important issues that tax preparers and their clients need to address for the 2024 tax year. Stay informed and proactive with guidance on critical tax considerations before year-end.