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Gambling Loss Tax Deductions: No Luck Involved

(CPA Practice Advisor) - The IRS takes a broad view of what constitutes a gambling activity. This isn’t restricted to betting on the racetrack or dog track or high stakes at the casinos, although those count, too. It also encompasses lotteries, raffles, keno, poker games ...


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IRS Destroyed 30M Paper Information Returns Due to Backlog 
(Accounting Today) - The service decided to destroy the documents in March 2021 because of its inability to process its backlog of paper tax returns, according to a new report.

2 Alternatives to Required Minimum Distributions 
(Kiplinger) - Retirees can save money and stress with these two simple alternatives to RMDs.

Procedures for Puerto Rico Residents to Claim a 2021 Child Tax Credit 
(JofA) - The IRS on Friday provided guidance on how bona fide residents of Puerto Rico can claim the child tax credit (CTC) for tax year 2021. The guidance provides simplified procedures

The Best Streaming Services of 2022 
(How-to-Geek) - The recent proliferation of streaming services can feel overwhelming, with each touting its exclusive offerings and superior value. But different outlets serve different viewing habits.

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At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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