AICPA Tax Advisor

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Latest News from The Tax Adviser
Updated: 5 hours 45 min ago

Interim guidance provided for the corporate alternative minimum tax

Fri, 2023-12-15 15:23
The IRS issued a notice on regarding the application of the corporate alternative minimum tax to shareholders of CFCs and to affiliated groups of corporations filing consolidated returns.
Categories: Accounting & Taxes

Business standard mileage rate increases for 2024

Thu, 2023-12-14 16:19
The optional standard mileage rate for business use of a vehicle increased slightly from 2023. The new rate is effective Jan. 1.
Categories: Accounting & Taxes

IRS reorganizes leadership structure with 1 deputy commissioner

Thu, 2023-12-14 08:14
Doug O’Donnell, the current deputy commissioner for services and enforcement and the acting IRS commissioner from November 2022 to March 2023, will fill the position.
Categories: Accounting & Taxes

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