News
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Build wealth with ease and say goodbye to money worries
January 21, 2025
Financial pressures often feel constant, but you can build wealth with ease. Reducing stress and building a secure foundation for the future is crucial.
Redefine your financial path: Cultivate a mindset for prosperity
January 21, 2025
Are you prepared to redefine your financial path and cultivate a mindset geared toward prosperity? Shifting your perspective on money can be a transformative journey.
The digital transformation of accounting: Enhancing reporting with advanced tools
January 21, 2025
The digital transformation of accounting is happening now. Adopting modern technology is no longer optional for public accounting firms seeking to thrive in an increasingly data-driven world.
IRS provides updated frequently asked questions for the energy efficient home improvement and residential clean energy property credits
January 17, 2025
The Internal Revenue Service today updated the frequently asked questions in Fact Sheet 2025-01. These FAQs supersede earlier FAQs that were posted in Fact Sheet 2024-15, on April 17, 2024.
Tax season officially opens January 27
January 17, 2025
The Oregon Department of Revenue will begin processing e-filed 2024 state income tax returns on January 27, 2025, the same day the IRS will begin processing federal returns. Paper filed returns will be processed starting in mid-February. As a reminder, all paid tax preparers filing Oregon personal income tax returns are required to file them electronically if they are subject to the federal e-file mandate.
Announcing a new drawing to win a ExamPrep.ai premium CPA review course!
January 15, 2025
ExamPrep.ai offers OSCPA members the chance to win a free review course valued at $1,195! Only OSCPA candidate and student members are eligible, with one entry per member.
IRS initiates Fast Track Settlement pilot programs in effort to make Alternative Dispute Resolution faster and easier
January 15, 2025
The Internal Revenue Service today announced three pilot programs that will test changes to existing Alternative Dispute Resolution (ADR) programs. IRS ADR programs are designed to help taxpayers resolve tax disputes earlier and more efficiently.
IRS reminder: Wage statements and certain information returns due by Jan. 31
January 15, 2025
As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the federal government by Jan. 31.
What actions should CFOs prioritize in 2025?
January 14, 2025
CFOs are navigating a variety of uncertainties this year, including economic volatility and regulatory changes, while focusing on profitable growth and technology adoption.
Access retirement funds in a disaster
January 13, 2025
The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings.
IRS announces start date for tax filing season
January 13, 2025
The IRS expects the 2025 tax filing season, which will open Jan. 27, to build on the success of the two previous seasons, provided Congress allocates the promised funding, Commissioner Danny Werfel said Friday.
Treasury, IRS request comments on proposed regulations and a draft form for certain corporate separations and reorganizations
January 13, 2025
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for corporate separations and reorganizations, including reporting requirements for multi-year corporate separations.
Who cares? Companies that care are better positioned with talent
January 13, 2025
Gallup research recently found that half of U.S. employees report that they're thriving in their lives at work and at home, but the findings shouldn't be construed as a case of the glass being half full.
Treasury and IRS issue final rules identifying certain partnership related-party ‘basis shifting’ transactions as Transactions of Interest
January 10, 2025
The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain partnership related-party “basis shifting” transactions as transactions of interest – TOIs – subject to the rules for reportable transactions.
Treasury, IRS issue proposed regulations on new Roth catch-up rule, other SECURE 2.0 Act provisions
January 10, 2025
The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace retirement plan that generally are allowed with respect to employees who are age 50 or older.
Treasury, IRS issue proposed regulations on new automatic enrollment requirement for 401(k) and 403(b) plans
January 10, 2025
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision generally requiring newly-established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year.
5 skills that will redefine the future of finance
January 08, 2025
In the near future, CFOs will be expected to reduce the cost of the finance function by leveraging technological advancements. Here are five skills that are essential for building a high-performing finance team in the digital age.
Essential tax tips for marriage status changes
January 07, 2025
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means that a taxpayer's marital status as of December 31, 2024, determines their tax filing options for all of 2024.
Leader spotlight: Tiffany Nash
January 07, 2025
OSCPA Board member Tiffany Nash learned her love of accounting in her parents' bakery business. Hear more of her thoughts about the CPA profession.
Social Security Fairness Act: What you need to know
January 07, 2025
The newly signed law soon will affect the monthly checks of nearly 3 million Social Security recipients, potentially changing their retirement planning needs.