accounting tech - Tax Columbus

Navigating IRS Debt: Beyond the "Pennies on the Dollar" Promise

When individuals and small business owners find themselves owing the Internal Revenue Service (IRS) more than they can readily pay, a common initial inquiry, often sparked by ubiquitous advertising, revolves…

Forvis Mazars Foundation Pledges $200,000 to Special Olympics International to Foster Inclusion and Athlete Wellness

Forvis Mazars LLP, a leading public accounting and consulting firm in the United States, has announced a significant philanthropic commitment of $200,000 to Special Olympics International. This substantial donation, channeled…

The Tax Court Denies Massive Charitable Deductions for Conservation Easements in Landmark Del Monte LLC Ruling

In a significant ruling that underscores the Internal Revenue Service’s (IRS) increasing scrutiny of conservation easement deductions, the Tax Court has denied substantial charitable deductions claimed by Del Monte LLC…

The Path to an Intelligent, Connected Tax Practice: Enhancing Efficiency and Client Experience

The modern tax professional faces a critical juncture: how to transform a series of isolated tasks into a seamless, intelligent workflow. This evolution from a fragmented, often manual, operational model…

The U.S. Supreme Court Weighs Landmark Case on Home Distilling, Potentially Reshaping American Beverage Culture

COLUMBUS, Ohio – The U.S. Supreme Court has agreed to hear a pivotal case that could determine whether millions of Americans can legally distill spirits in their homes, a right…

Unlocking Growth: How CPA Firms Can Leverage Outsourcing for Enhanced Client Value and Profitability

Clients today are increasingly looking to their Certified Public Accountant (CPA) firms to serve as comprehensive business partners, extending their service portfolios far beyond traditional tax preparation and financial reporting.…

Tipalti Unveils AP Agent, a Transformative AI-Powered Solution to Revolutionize Accounts Payable Processes

Tipalti, a leading finance automation platform, announced on Thursday the launch of its groundbreaking AP Agent, a sophisticated artificial intelligence-driven solution designed to manage the entire accounts payable (AP) lifecycle.…

Financial Accounting Standards Board Proposes Clarification on Consideration Payable to Customers Under Topic 606

The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) aimed at resolving ambiguities surrounding the accounting treatment of payments made on behalf of customers or…

The American Institute of CPAs Honors Kimberly Ellison-Taylor and Gene Dodaro with Highest Accolades

The American Institute of CPAs (AICPA) has bestowed its most prestigious honors, the Gold Medal Award of Distinction and the Honorary Gold Medal, upon two distinguished leaders in accounting and…

How to Make More Tax-Savvy Investments

The core of effective financial planning, especially when navigating the complexities of taxation, lies in understanding the differential treatment of various investment types. Some assets are prone to generating unpredictable…