Victims of storms in California now have until mid-May to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency. Individuals and households that reside or have a business in the 31 California counties
How do you get remote workers to take cybersecurity seriously? There’s coaching and coaxing, sure, but there’s also just scaring the holy living heck out of people. A recent study in the journal Computers and Security suggests just that, saying that fear is the most effective motivator in getting remote
Allen Weisselberg, who oversaw the finances at Donald Trump’s companies for decades, will immediately head to jail Tuesday after being sentenced to five months for tax fraud and then finally part ways with the Trump Organization. Weisselberg, the firm’s longtime chief financial officer, served three generations of the family but
Sax LLP, a Top 100 Firm based in Parsippany, New Jersey, has merged in Schall & Ashenfarb CPAs, a firm based in New York City, effective Jan. 1, 2023. The deal represents Sax’s fourth M&A deal in New York City since last year and expands the firm’s nonprofit practice. Schall
The Internal Revenue Service said Friday it recently completed making final corrections to the tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020. The American Rescue Plan Act of 2021, passed in March of that year, excluded up to $10,200 in 2020
Approved with unanimous bipartisan support from the Montana Legislative Audit Committee in December, a new bill would tighten state auditing rules, including adding penalties for state employees who do not comply with audits. Attached to the Montana legislature, which just started its 2023 session, the committee audits state government programs
The new year brings a new tax season and the opportunity to advise clients on ways to save money on their taxes. Roth IRA conversions have long been a recommended strategy and clients’ investment losses last year could provide fresh impetus for converting individual retirement accounts. “We’re seeing that quite
Citrin Cooperman, a Top 25 Firm based in New York, has added Chapman Bird & Tessler in Los Angeles, the fourth deal in the past year where it has brought in an accounting firm that specializes in entertainment industry clients. Citrin has been on a series of M&A deals after
This includes a will and the accompanying documents, a buy-sell agreement if you are in a partnership, a practice continuation agreement if you are a solo, and a listing of where everything is and who to go to for assistance. I would have liked to finish this list with an
Massive losses and large tax deductions in Donald Trump’s returns reveal how the former president was able to use the Tax Code to minimize his income tax payments. Democrats on the House Ways and Means Committee released Trump’s tax returns Friday, after he lost a multi-year legal battle to keep
