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Lesson From The Tax Court: It’s Not Income If You Pay It Back In Time

(TaxProf Blog) - We all know that taxpayers do not have to report loans as income. But it's not clear why. It has something to do with the obligation to repay. It might be the obligation to repay burdens other assets so the loan does not represent an actual increase in wealth.



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IRS Updates FAQ on Unemployment Compensation Exclusion 
(CPA Practice Advisor) -The American Rescue Plan Act of 2021 provided relief to those receiving unemployment compensation in 2020.

Automatically Create Subtotals in Excel 
(JofA) - There are several reasons to use SUBTOTAL instead of SUM when inserting subtotals in your spreadsheet. One reason is that the subtotals are ignored when calculating the grand total...

These 10 Cars Have the Greatest Potential Lifespan 
(CNBC) - Here are the models with the greatest potential lifespan: The top two are Toyota SUVs, with the Sequoia and Land Cruiser both able to last nearly 300,000 miles.

Don't Miss a Goal: How to Stream the World Cup 2022 
(PC Mag) - The United States may not have caught up to the rest of the world when it comes to appreciating football (soccer), but a growing number of American fans have fallen for the beautiful game in recent years.

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That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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