The 401(k) remains the most widely used employer-sponsored retirement vehicle in the country. Contribution limits went up in 2026, a new Roth catch-up requirement for high earners took effect, and the foundational rules on plan design, vesting, and nondiscrimination testing remain as consequential as ever. Here’s a current reference on how the numbers and rules look this year. 2026 […]
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Courses help accounting pros stay up-to-date with changing tax codes
Surgent course helps tax professionals conquer Inflation Reduction Act
Surgent’s first-to-market CPE course covers the IRA’s new tax provisions in detail, equipping participants to properly advise their individual and business clients if and how the tax changes impact their tax planning.
IRS tax training: 5 reasons to earn the AFSP – Record of Completion
IRS filing relief for Schedules K-2 and K-3
Last year, the IRS announced new Schedules K-2 and K-3 for the 2021 tax year. These schedules were introduced to standardize the reporting of international tax items that were previously reported on Schedule K-1. The IRS published updated instructions for Forms 1065, 1120-S and 8865 on Jan. 18, 2022, stating that entities with no foreign […]
Home Equity Loan Interest Could Still be Deductible
The Service recently responded to widespread confusion surrounding changes made through the Tax Cuts and Jobs Act by announcing that taxpayers can often still deduct interest on a home equity loan, home equity line of credit or second mortgage, without regard to the label placed on the loan. Tax reform imposed a lower limit of […]
Understanding Federal Whistleblower Programs
Did you know that, as part of the IRS’s new program, whistleblowers may recover 15 to 30 percent of the amount collected (provided the taxes and amounts in dispute exceed $2 million)? The fact is that over the last 10 years, the federal government issued record-breaking awards to whistleblowers to reward those who report misconduct. Several federal agencies […]
Portability Election Extension for Decedents Dying Within Last Two Years
Here's what you need to know about Revenue Procedure 2017-34.
(Video) Tax Professionals Are the Target of This Phishing Scam – Don’t Become a Victim
We talked to Craig W. Smalley, EA, Founder & CEO of CWSEAPA, PLLC, a multi-state tax firm, about a phishing scam that's targeting tax professionals. CPAs, EAs, and tax preparers: find out how not to become a victim.
The Quick-and-Dirty Guide to The IRS Dirty Dozen
The IRS announced the latest "Dirty Dozen" scams. As this year’s tax season nears the finish line, keep in mind that taxpayers are subject to these scams year-round.