Featured News
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IRS eases application process for residency certification
New procedures will facilitate residency certification where the IRS has not yet processed the applicant’s tax return.
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Helping clients face their financial worries
A CPA’s “bedside manner” can go a long way when helping clients face their financial fears, especially when discussing retirement expenses.
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Companies say they will pay more to recruit, retain staff
More companies are offering pay increases, flexible working arrangements and signing bonuses to recruit and retain staff amid the Great Resignation, a new report finds.
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Paper returns major cause of backlog, IRS says
Paper-filed returns are largely to blame for the current IRS backlog of tax returns, according to the IRS National Taxpayer Advocate’s Erin Collins.
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Gov. Evers proclaims April as Financial Literacy Month
Gov. Tony Evers has proclaimed the month of April as Financial Literacy and Capability Month in Wisconsin.
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FASAB proposes conforming amendments to technical releases
A new FASAB proposal would amend four federal government accounting standards technical releases to conform with recently issued guidance.
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IRS reminder: Educator expense deduction rises to $300 for 2022
The IRS is reminding teachers and other educators planning for 2022 that they can deduct up to $300 of out-of-pocket classroom expenses when filing their returns next year.
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FASB issues expanded hedge fund accounting standard
A new Accounting Standards Update (ASU) aims to better align hedge accounting with an organization’s risk management strategies.
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IRS to brief tax pros on latest email scams on March 30
The IRS will brief tax professionals on the latest email scams during two 30-minute Zoom meetings on Wednesday, March 30.
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IRS pauses notices to various exempt organizations
The IRS is suspending 10 notices generally sent to tax-exempt organizations about late return filings, the agency recently announced.