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The Addition, ASCPA Weekly Digital Newsletter
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Megan Hughes
Helen Oglesby
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NASBA Announces Historic CPA Exam Model Rule Amendment
NASHVILLE, TENN (April 24, 2023) – The National Association of State Boards of Accountancy (NASBA) announces the adoption…
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AICPA Endorses Bipartisan Bill to Expand Use of 529 Savings Plan
The American Institute of CPAs (AICPA) expressed its support of H.R. 1477, the Freedom to Invest in Tomorrow’s Workforce…
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AICPA Expresses Strong Support for Bipartisan, Bicameral Supply Chain Disruptions Relief Act
In a letter sent to members of the U.S. Senate and the U.S. House of Representatives, the American Institute of CPAs (AICPA)…
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Special Saturday Help from IRS Available Without an Appointment on April 8 at Multiple Taxpayer Assistance Centers
As the April 18 federal tax filing deadline nears, the Internal Revenue Service today announced it will open many of its…
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All Income is Taxable, Including Gig Economy and Tip Income
It’s important for taxpayers to file a federal tax return that has a complete and correct reporting of their income –…
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IRS Issues Guidance and Updates Frequently Asked Questions Related to the New Clean Vehicle Critical Mineral and Battery Components
The Inflation Reduction Act (IRA) allows a maximum credit of $7,500 per vehicle, consisting of $3,750 in the case of a…
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Updates to Frequently Asked Questions about Form 1099-K
The IRS recently released a Fact Sheet with updates to FAQs about Form 1099-K. The updates include: General section:…
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ASCPA Board submits comment letter to NASBA, encourages no less than 36 month period
March 22, 2023 TO: NASBA UAA Committee FROM: Alabama Society of CPAs Board of Directors The Alabama Society of CPAs Board of…
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Werfel begins work as 50th IRS Commissioner
WASHINGTON – Danny Werfel began work today as the 50th commissioner of the Internal Revenue Service. Werfel, who was…
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