HB 95 amends Title 48 of the Official Code of Georgia, relating to revenue and taxation, so as to revise the terms "Internal Revenue Code" and "Internal Revenue Code of 1986" and thereby incorporate certain provisions of the federal law into... read more

WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued final regulations amending the rules for filing returns and other documents electronically (e-file). These regulations will require certain filers to... read more

On February 16th, 2023 the FASB board met to discuss a summary of the 29 comment letters received in response to the proposed Accounting Standards Update, Leases Topic 842: Common Control Arrangements, which was issued for comment on November 30,... read more

The Internal Revenue Service provided details clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many... read more

The Internal Revenue Service is telling millions of taxpayers to wait to file their 2022 tax returns until the agency can decide whether state rebate checks issued in 2022 will count as taxable income, the agency said this week. Nineteen states... read more

Change is in the air! A number of years ago, volunteers on the Georgia State Board of Accountancy started discussing the need to add an ethics CPE requirement to the CPE rule in Georgia. While this conversation matured over the years, we... read more

Taxpayers need to know their tax responsibilities, including if they're required to file a tax return . Generally, most U.S. citizens and permanent residents who work in the United States need to file a tax return if they make more than a certain... read more

The federal income tax is a pay-as-you-go tax. Taxpayers pay the tax as they earn or receive income during the year. Taxpayers can avoid a surprise at tax time by periodically checking their withholding amount. The IRS urges employees and those... read more

IRS Tax Tip 2023-05 In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary... read more