Tax

This year, the Dirty Dozen focuses on scams that target taxpayers. The criminals behind these bogus schemes view everyone as potentially easy prey. The IRS urges everyone to be on guard all the time and look out for others in their lives.

The IRS issues nine out of 10 refunds in less than 21 days, and the fastest way to get a refund is to use IRS e-file and direct deposit. Taxpayers should also know they can have their refunds divided into up to three separate accounts.

In March 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance and healthcare response for individuals, families, and businesses affected by the Coronavirus pandemic. The Small Business Administration (SBA) received funding and authority through the CARES Act to modify existing loan programs to assist small businesses […]

Anyone who prepares or substantially helps prepare any federal tax return or claim for refund for compensation must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on returns prepared. Failure to have and use a valid PTIN m

The sudden shift to remote work for many corporations in response to Covid-19 may lead to costly compliance burdens as 36 state tax departments indicate that having just one employee telecommuting from their state will create nexus for ...

The NYU School of Professional Studies (NYU SPS) Division of Programs in Business (DPB) will host a series of in-depth Zoom webinars on wide-ranging topics from Advanced Subchapter S to Trust and Estates...

Proposed regulations that implement new section 451(b) & (c) provide procedures for a taxpayer to change its method of accounting and provide clarification related to proper revenue recognition.

Because of the burdens the COVID-19 pandemic has placed on hospitals, the Internal Revenue Service is giving additional relief to hospital organizations that must meet the Community Health Needs Assessments (CHNA) requirements.