![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/IRSAC-2023.png)
IRS Advisory Council Issues Report with Recommendations on Agency Changes
The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics including: Sec. 302, EINs, 1099-K reporting, Employee Plans, Modernizing Forms.
The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics including: Sec. 302, EINs, 1099-K reporting, Employee Plans, Modernizing Forms.
Technologists Randy Johnston and Brian Tankersley, CPA, give advice about how firms that are adopting AI technologies can determine the difference between real and fake data.
This technique can be especially beneficial at the end of the year when you may be looking to offset highly-taxed income.
The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government's Thrift Savings Plan is increased to $23,000, up from $22,500.
Families may be eligible for certain tax benefits along the way. Here are five of the main tax breaks on the books.
While paper filing is available, the IRS strongly encourages e-filing. E-filing is the most secure, accurate method to file returns, and it saves time.
Keep this tax break in your hip pocket as the year winds down.
A Nevada CPA pleaded guilty in early October to aiding and assisting the filing of false tax returns for his role in a purported investment scheme to sell false tax deductions.