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Navigate tax season with these resources for accountants

ThomsonReuters

In this post, we will highlight 3 of our top resources included in our Tax Season Toolkit : Year-End Tax Planning for individuals and businesses, How APIs can help transform your practice, and a Case Study detailing how GoSystem Tax RS and GoFileRoom helped a firm. What’s new? •

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

The Inflation Reduction Act of 2022 imposes a new 15% corporate alternative (book) minimum tax on the adjusted financial statement income of applicable corporations (those with 3-year average financial statement income of at least $1 billion). FTC coverage begins at A-8900 Corporate alternative (book) minimum tax.

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Congress Fails To Pass Key Tax Extenders, Now What?

Withum

Therefore, the TCJA includes various sunset provisions or set expiration dates for many of the individual income tax legislation benefits. Some will try to argue that these changes merely result in timing differences, which generally do not impact tax financial statement disclosures. appeared first on Withum.

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