Section 530A Trump Accounts are a new type of investment account for kids. Find out who is eligible for an account, how they ...

There are two basic types of tax-advantaged accounts – tax-deferred and tax-exempt accounts. Learn more about the differences here. When saving or investing for future expenses, people tend to focus ...

IRS Commissioner Danny Werfel speaking at the AICPA National Tax and Sophisticated Tax Conference in Washington, D.C. The Internal Revenue Service is adding more features to the Tax Pro Account, ...

Get a break on saving for life’s big milestones, from college to retirement Written By Written by Contributor, Buy Side Sarah Brodsky is a contributor to Buy Side and expert on credit, loans and ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

Corporate leaders are demanding more and more from their tax and accounting partners. Is your firm on top of the latest Internal Revenue Service guidance on Paycheck Protection Program loan ...

Retirement savers have an array of options to maximize tax savings and long-term asset growth. But not all accounts are equal, and certain individuals can turbocharge their wealth-building if their ...

A key part of retirement planning is knowing how to tap retirement accounts without running up a huge tax bill. Retirement brings so many questions. Should we ditch the house and buy a condo? Will we ...

The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified ...

Tax work has always required patience, judgment and a steady hand. What is different today is the speed of change and the pressure that comes with it.

Sales tax you pay for inventory used in manufacturing your goods is a cost of goods sold. The inventory you purchase is also a cost of goods sold; however, the sales tax expense for the inventory is ...