News

This week we look at: IRS provides last-minute relief for payment of second-quarter corporate estimated tax payments related to corporate alternative minimum tax; En-banc rehearing request denied in case of Farhy v. Commissioner by DC Circuit; CPA pleads guilty to tax charges related to syndicated conservation easement program; Taxpayer Advocate warns of relying on generative AI for answering tax questions for consumer tax software - and there are just as big of issues for tax professionals.

Inspired by his family to pursue the profession, new CPA Aaron Hiddleson considers his credential to be the "icing on the cake" of his accounting journey. As a governmental auditor for Oregon State, he thrives on the daily challenges and rewards of his 9-5.

Let your CPA license be your passport to success! Diana Bautista of Connected Professional Accountants LLC recently obtained her CPA license, motivated by her family's strong work ethic. She encourages the next generation of CPAs to embrace the endless opportunities this credential offers.

The Internal Revenue Service has announced several new policy updates now that tax season has ended.

Here's a step-by-step guide to calendar blocking.

This week we look at: US Supreme Court rules that a requirement to redeem the decedent’s shares cannot be considered to reduce the value of the entity, but life insurance proceeds received by the entity to fund the buyout will increase the value; Taxpayer denied relief for late rollover when funds were accidentally transferred from employer plan to Roth IRA; IRS rules certain payments related to East Palestine, Ohio derailment are §139 disaster payments; What options exist for an employer with a pending ERC claim?

This year's Circle of Excellence was a joyful evening celebrating the accounting profession. The OSCPA has put together a photo compilation for all members and honorees to enjoy.

Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation.

Helping the growing demographic of childfree individuals and couples plan their financial futures requires a shift in perspective.

A learning development adviser shares perspective on the qualities that truly matter for great leadership. Here’s a hint: You don’t have to be a “people person” to thrive.

This week we look at: IRS announces that Direct File will continue into 2025 and be expanded while maintaining other programs; A taxpayer finds its not so simple as just file a Form 2553 if you want to have an LLC taxed as an S corporation, but did realize the error fast enough to get a PLR to restore S status

From cherished family traditions to navigating the complexities of identity in the workplace, Roy Matsunaga of Deloitte & Touche LLP sheds light on his journey and commitment to elevating AANHPI voices in professional spaces.

Commissioner Danny Werfel said the successful pilot program of Direct File encouraged the IRS to make the program available in all states and the District of Columbia.

Get to know Shubha Joshi and learn about her journey from software engineer to owner of her own CPA firm, Shuba Joshi CPA LLC, Portland. Her story embodies empowerment and entrepreneurship, inspiring others to break barriers and pursue their dreams.

Two Hawaii-based CPAs share their career paths, why they enjoy mentoring, and how they want to serve their community. Listen to the podcast episode or read the Q&A.

There are advantages to an extended (but carefully scheduled) tax season.

Meet Bashir Khanani of Synthes Medical Surgical Equipment & Instruments Trading LLC, a Pakistani-born, Muslim CPA from Oregon, who shares insights on how his cultural identity shapes his professional path.

Discover how Laura's multicultural background influences her professional journey, from leveraging diverse perspectives in the workplace to navigating career pivots with resilience.

This week we look at: Yet another PLR requested for missed QSST election after S shares moved to trust following death of a shareholder; Tax preparer’s conviction for willfully filing false returns upheld on appeal despite his argument he had doing what he did for years; Letters to taxpayer from IRS Appeals did not extend the time to file suit for a claim for refund; A partnership had properly elected to use BBA audit provisions early, rendering IRS FPAA invalid

Meet Crisanto Agtani, a dynamic leader at Macri, LLC. Through his involvement in Oregon's Filipino community and OSCPA, he shares insights on identity, resilience, and an empathic approach to service.