This article discusses the disclosure and reporting of VCOs and whether VCOs should be treated as deductible ordinary and necessary business expenses, capitalizable expenses, deductible charitable contributions, or nondeductible expenses.
This article provides practical suggestions to help practitioners navigate the process of resolving client issues with the IRS at a time when the agency is struggling with the effects of the COVID-19 pandemic and a reduction in personnel.
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
