The Georgia Department of Revenue (GA DOR) is making corrections on their end for returns filed, so no amendeds will be needed at this point. For any returns filed going forward, as mentioned in previous alerts, you should complete the... read more

After meeting with staff at the Georgia Department of Revenue yesterday, The Georgia Society of CPAs now understands that there are a number of issues with the PTE election and correctly filling Forms 600S and 700.  For the election to be made... read more

Tax practitioners have been reaching out to GSCPA and the GA DOR asking for clarification on the statute changes and regulations regarding pass through entity taxable income. This tax alert provides clarification around the following: • Whether... read more

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.... read more

HB 95 amends Title 48 of the Official Code of Georgia, relating to revenue and taxation, so as to revise the terms "Internal Revenue Code" and "Internal Revenue Code of 1986" and thereby incorporate certain provisions of the federal law into... read more

WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued final regulations amending the rules for filing returns and other documents electronically (e-file). These regulations will require certain filers to... read more

On February 16th, 2023 the FASB board met to discuss a summary of the 29 comment letters received in response to the proposed Accounting Standards Update, Leases Topic 842: Common Control Arrangements, which was issued for comment on November 30,... read more

The Internal Revenue Service provided details clarifying the federal tax status involving special payments made by 21 states in 2022. The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many... read more

The Internal Revenue Service is telling millions of taxpayers to wait to file their 2022 tax returns until the agency can decide whether state rebate checks issued in 2022 will count as taxable income, the agency said this week. Nineteen states... read more