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Revenue procedure 2019-25 provides the 2020 inflation-adjusted amounts for health savings accounts as determined under Section 223 of the Internal Revenue Code.

CPAs and tax advisers may be able to help their clients save significant taxes using a new strategy that most taxpayers know nothing about.

Section 199A aggregation may allow a taxpayer to claim a greater QBI deduction for the combined trade or business than if the wages and capital limitation was applied separately.

There are several basic questions that CPAs can ask business clients to help create awareness about things their clients should consider without exceeding the scope of their expertise.

The Tax Cuts and Jobs Act (TCJA) left unchanged some factors contributing to a marriage tax penalty, while other TCJA changes actually increased the penalty in certain instances.

NASBA and the AICPA seek feedback from CPAs and stakeholders as they consider ways to evolve the CPA licensure model. The WICPA board is keenly aware and plans to provide input.

Due to a Social Security processing error, a quarter of a million Medicare beneficiaries may be getting bills for up to five months of insurance premiums they thought they had paid.

Management gurus will tell you that feedback is important to employees, especially to Millennials—who supposedly need and crave feedback but rarely ask for it—and Generation Z, 40% of whom say they want feedback daily.

WICPA members recently met with Wisconsin lawmakers in Washington, D.C. to discuss the accounting profession's advocacy agenda.

In these days of rising fraud and identity theft, some conveniences must go by the wayside. One of these is the way the IRS has handled tax transcript availability. Changes are coming soon.