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Tax Court Weighs in on Reasonable Compensation

(Accounting Web) - Generally, wages paid to employees are tax deductible by the employer, as long as the payments are “reasonable” in amount. Not always so, according to Hood, TC Memo 2022-15, 3/2/22.


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IRS Chief: Backlog Of Tens Of Millions Of Returns Will Be Processed By December 
(Forbes) - Internal Revenue Service Commissioner Charles Rettig told Congress the backlog of tens of millions of tax returns from last year will be processed by December.

Best Laptop Deals: Top Picks from Budget to Extreme 
(PC World) - We're finding the best deals on laptops, notebooks, gaming laptops, and Chromebooks for your PC-buying pleasure in 2022.

Five key takeaways from the SEC’s climate proposal 
(Accounting Today) - The commission issued a 500-plus-page proposed rule Monday that would mandate corporate disclosure of greenhouse gas emissions.

Los Angeles Gas Prices Hit Average of $6 
(Fox Business) - California lawmakers proposed sending a $400 rebate to every taxpayer in the state to offset the surge in gasoline prices

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