Our nation is facing a significant shortfall in young people entering the workforce as accountants The difficulty of hiring new accountants is a serious problem for both CPA firms and the IRS. CPA firms need to think creatively for solutions – including looking overseas for professional talent. – ​Forbes -…

On Tuesday, President Joe Biden tweeted out an infographic that suggested that Congress should cut “Tax Loopholes That Help Wealthy Crypto Investors ($18 billion)” – ​Forbes – Taxes ​Read More  

Roth IRA Inheritance Rules differ for owning and contributing to a Roth IRA versus a traditional IRA or 401(k) plan. How to make the most of an inherited ROTH IRA and the new rules you need to know about today. – ​Forbes – Taxes ​Read More  

Calls for cities to become “playgrounds” for the affluent ignore urban structural and equity problems and won’t solve city problems. – ​Forbes – Taxes ​Read More  

With Tax Day in the rearview mirror for some, fingers are crossed that IRS processing times may be getting back to normal. Here’s what you need to know about returns, refunds, and notices. – ​Forbes – Taxes ​Read More  

To help taxpayers resolve outstanding issues and solve problems, the IRS will open IRS Taxpayer Assistance Centers (TACs) on Saturday, May 13, 2023. – ​Forbes – Taxes ​Read More  

The new Chairman of the House Ways and Means Committee Jason Smith (R-MO) recently held a hearing on charitable hospitals. His hearing looked at the fundamental question of whether we should be asking charitable hospitals to act charitable. Area of possible bipartisan reform? – ​Forbes – Taxes ​Read More  

The Goldman settlement for $215 million avoids much of the ambiguity, and unfairness, typical of settlement taxation. – ​Forbes – Taxes ​Read More  

The pass-through entity tax (PTET) is a valuable tax credit many high-income California business owners need to get. Could you use this tax planning strategy to pay fewer taxes in 2023? – ​Forbes – Taxes ​Read More  

Tax Notes reporter Andrew Velarde discusses the penalty dispute in Farhy v. Commissioner and the case’s implications for other penalties and future refund decisions. – ​Forbes – Taxes ​Read More  

If the country avoids breaching the debt limit in the next few months, you may not have Wall Street volatility to thank. Instead look to Main Street. Those businesses have enormous influence on their members of Congress. – ​Forbes – Taxes ​Read More  

The IRS has filed federal liens against Zolciak-Biermann and her husband, former NFL outside linebacker Kroy Biermann, in excess of $1.1 million. – ​Forbes – Taxes ​Read More