Pronto Tax School

Tax Updates

Exactly What to Do After You Pass Your IRS AFTR Course and Test

The Annual Federal Tax Refresher (AFTR) is the “testing portion” of the IRS Annual Filing Season Program (AFSP) credential. This AFSP program has been very confusing to a large number of tax professionals.  So confusing has it been, in fact, that IRS reports that only 70% of people who complete the requirements to earn the […]

How Does CECL Affect Taxes?

Members of the banking industry know all about the Financial Accounting Standard’s Board’s (FASB) recent issuance of the current expected credit loss (CECL) standards. What is not as well known is how the new CECL standards impact taxes. What Is CECL? CECL standards mandate the use of historical, current and anticipated information to forecast expected […]

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