Income Tax
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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Why Opportunity Zones Are a Good Investment in 2024
As a provision in the TCJA, opportunity zones could sunset at the end of 2026, but there’s still time to maximize tax benefits.
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IRS Extends Tax Filing Deadline in 10 Maine Counties Following Severe Storms
Affected taxpayers now have extended tax deadlines of June 17, 2024, to file certain tax returns and make tax payments.
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AICPA Says FBAR Deadline Should Match Disaster Relief Deadline Extensions
The AICPA recommends that FinCEN adopt a policy of automatically granting FBAR filing postponements to coincide with the relief provided by the IRS when the IRS grants postponements
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2024 Tax Refund Dates – Where’s My Refund, And When Will I Get It?
This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.
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Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act
However, Treasury warned that if $20 billion is cut from the IRS’s funding allotment, it would reduce revenues by over $100 billion.
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10 Tax Forms Retirees Receive—And What They Mean
Knowing what you’re getting and why is important so you can ensure that you or your tax preparer have what’s needed to file your taxes.
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Gen Z Most Likely to Embrace AI-Powered Tax Filing, Survey Reveals
With TurboTax and H&R Block moving quickly to employ AI, a new Fast Company-Harris Poll finds taxpayers have mixed feelings.
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IRS Provides Tax Relief to Rhode Island Storm Victims
Providence County residents and businesses impacted by the storm have until June 17 to meet various tax filing and payment deadlines.